Govt increases fuel prices; Petrol up by Rs.20

2021-06-11 at 22:15

The government has increased domestic fuel prices with effect from midnight.

The Ministry of Energy in a statement said accordingly, a litre of 92 Octane Petrol has been increased by Rs.20 to Rs.157 while a litre of 95 Octane Petrol has been increased by Rs.23 to Rs.184.

Furthermore, a litre of Diesel has been increased by Rs.7 to Rs.111 while a litre of Super Diesel has been increased by Rs.12 to Rs.144.

The Energy Ministry confirmed that a litre of Kerosene oil has also been increased by Rs.7 to Rs.77.

Meanwhile, the Lanka Indian Oil Corporation PLC also increased fuel prices to match the increased rates of Ceypetco.

Yesterday, Minister of Energy Udaya Gammanpila said a decision was taken by the Cabinet Sub-Committee on Cost of Living to increase the domestic fuel prices due to several factors.

Speaking to NewsRadio, Minister Gammanpila said the decision pertaining to new prices was taken by the Ministries of Finance and Energy.

Minister Udaya Gammanpila claimed despite a massive surge in global crude prices, the government did not increase domestic fuel prices for 21 months.

The Energy Minister however said the government cannot continue to sell fuel at current rates.

Minister Gammanpila noted the Ceylon Petroleum Corporation is Rs.331 billion in debt and is facing difficulties in settling debt.