New formula to fuel price change – Power and Energy Ministry reveals

New formula to fuel price change – Power and Energy Ministry reveals

New formula to fuel price change – Power and Energy Ministry reveals

Written by Staff Writer

27 Aug, 2015 | 12:50 pm

The Ministry of Power and Energy stated that a formula to amend the price of fuel has been prepared.

R.M. Batagoda, Secretary to the Ministry of Power and Energy stated that the new price formula will come into effect after the new cabinet is sworn in.

He went on to note that the reduction of fuel prices will take place in line with the dramatic decline in fuel prices worldwide.

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