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'Explored idea to increase price in premium products' - Energy Minister
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COLOMBO (News 1st); Sri Lanka's Minister of Energy Kanchana Wijesekera said that authorities have explored the idea to increase prices in premium products.
In a tweet, the Minister said that 95 Petrol and Super Diesel daily requirements are less than 10% of the market share.
"Driving up prices significantly on both will not be a solution. It will create an artificial demand for lesser priced products," he tweeted.
95 Petrol and Super Diesel daily requirements are less than 10% of the market share. We have explored the idea to increase prices in premium products. Driving up prices significantly on both will not be a solution. It will create an artificial demand for lesser priced products.
— Kanchana Wijesekera (@kanchana_wij) May 25, 2022
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