Fuel prices increased against world market drop

Fuel prices increased against world market drop

Fuel prices increased against world market drop

Written by Staff Writer

11 May, 2019 | 10:30 pm

Colombo (News 1st): While the political arena is filled with debates over the latest developments, the daily struggle of the general public never seems to end.

Adding to the burden, the government and the Lanka IOC increased prices of fuel, with effect from midnight yesterday (May 11). Accordingly, 92 Octane petrol was increased by Rupees 3, 95 Octane Petrol by Rupees 5 and super diesel by Rupees 2. Meanwhile, the price of auto diesel remains unchanged.

However, this takes many by a surprise as the international price data shows that crude oil prices have fallen since the middle of April.

Against such a backdrop, the Consumer Protection Organization points out that the increase in fuel price is unreasonable. Chairman of the Consumer Protection Organization Ranjith Vithange noted that there is a reason for everything, likewise, the reason for the increase in fuel price is the 225 MPs in parliament.

He noted that it is the general public that maintains the 225 MPs in parliament and the cost to maintain these MPs is approximately Rs. 700 million per month. He pointed out that the government has imposed a tax on onions, dhal, potatoes and even rice.

Vithanage said in terms of fuel prices, it is the tax component that acts as the predominant element, therefore, they urged the public, to be wise and think twice before voting in the upcoming elections.

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