Lanka IOC and Sinopec Increase Prices of Octane 95 Petrol

COLOMBO (News 1st) - Lanka IOC has increased the price of Octane 95 petrol by Rs. 20 per litre, effective from midnight yesterday (04).

Accordingly, the new price of a litre of Octane 95 petrol is Rs. 515.

Speaking to Newsfirst, Managing Director of Lanka IOC Raghu Krishnamoorthy said the main reason for the increase was the rise in fuel procurement costs in the international market.

He also stated that there are currently no plans to further increase the price of Octane 95 petrol in the upcoming period.

Meanwhile, Sinopec has increased the price of Octane 95 petrol by Rs. 20 per litre, effective from midnight yesterday as well.

The new price of Sinopec Octane 95 petrol is Rs. 515.