Fuel pricing formula will be broadly clarified- FM

September 14, 2018

The Ministry of Finance says the fuel pricing formula will be broadly clarified in the near future.

Speaking to NewsRadio Deputy Minister of Finance Lasantha Alagiyawanna said information pertrathe formula was explained to the public early on.

The Deputy Minister meanwhile responded to allegations levelled by the Joint Opposition claiming the government is increasing the price of fuel, by concealing the fuel pricing formula from the public.

The Deputy Minister meanwhile said the existing tax ratio was in need of amendment.

The Deputy Minister stressed due to the increase in indirect taxes under the system the public is highly inconvenienced adding the tax ration will be decreased in the near future.