Written by Staff Writer
26 Mar, 2018 | 9:06 am
COLOMBO (News 1st) – According to the Ministry of Petroleum Resources Development, the government is supplying fuel to the public at a loss.
Upali Marasinghe, the Secretary at Ministry of Petroleum Resource Development said the government is selling a litre of diesel at a loss of 6 -7 rupees and a litre of petrol at a loss of 14 – 16 rupees.
On 23rd March the Lanka IOC increased the price of a litre of petrol by 9 rupees and a litre of diesel by 5 rupees.
The Vice President of Lanka IOC Siddharth Agarwal said the price of the fuel was increased as the state failed to introduce a price formula. However, the Secretary at the Ministry of Petroleum Resources Development has confirmed that the state will introduce a price formula for fuel in the near future.
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