Fuel pricing chaos: Gov Info Dept says CPC will sell fuel at previous rates

July 06, 2018 (LBO) – Government Information Department says the Ceylon Petroleum Corporation has decided to sell fuel at the previous rates. Director General of the Government Information Department, Sudarshana Gunawardana in a report to the Official Government News Portal says the circular regarding this decision has been sent to the CPC. In line with the yesterday’s ill-informed price revision, the LIOC also revised its fuel prices.

Releasing a statement, the Finance Ministry now says the fuel price increase was a decision of the committee appointed to decide on the price revisions. The Finance Ministry added that distributors (CPC/LIOC) can revise their prices according to the price revision decided by the committee.

The ministry, however, said that the selling prices of CPC will be decided at the next cabinet meeting.

Meanwhile, the National Movement for Consumer Right’s Protection is pushing the Finance Ministry to make the hidden fuel price formula public. Related: Fuel prices increased; consumer rights activists want price formula public