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The government is ready to manipulate fuel price for the benefit of the people

ITN News Editor
By ITN News Editor March 13, 2019 19:29

The government is ready to manipulate fuel price for the benefit of the people

Minister of Finance Mangala Samaraweera says the government will manipulate fuel price if fuel price in the world market increases exorbitantly.

According to Minister Mangala Samaraweera, in December barrel of crude oil could be bought at the rate of 53 US dollars. The rate has increased up to 70 dollars by March. The Minister noted that in line with the price formula for fuel, a liter of petrol needs to be sold at the rate of 137 rupees. Diesel liter shall increase to 117 rupees. The Finance Minister highlighted that but as per the very recent price revision, petrol 92 has been raised to 132 rupees and diesel to 104 rupees. The Finance Minister stressed that as a responsible government they did not intend to live up to the price formula as Sinhala and Tamil New Year festivities are around the corner.

ITN News Editor
By ITN News Editor March 13, 2019 19:29

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