Fuel prices increased - prices to adjust every two months (UPDATE)

16:26 - Update: Lanka IOC has decided to adjust it's fuel prices in line with Ceylon Petroleum Corporation. 16:20 - Update: Minister Mangala Samaraweera has announced that fuel prices will adjust every two months under the new price formula. The Minister said: "It can increase or decrease". 13:04 - Update: 92 octane petrol (1 ltr): Rs. 137.00 (increased by Rs. 20) 95 octane petrol (1 ltr): Rs. 148.00 (increased by Rs.20) Lanka auto diesel (1 ltr): Rs. 109.00 (increased by Rs. 14) Super diesel (1 ltr): Rs. 119.00 (increased by Rs. 9) Kerosine oil (1 ltr): Rs. 101.00 (increased by Rs. 57) *The new prices will come into effect tonight at midnight. 13:00 - "A situation has arisen where the fuel prices will definitely have to be increased," says Minister of Science, Technology, and Research, Dr. Sarath Amunugama. The Minister made the announcement a short while ago during a media briefing at the Government Information Department. Dr. Amunugama said the decision will be reached after taking the global oil prices into account.