Government to review fuel price

The government is to review the price of fuel distributed by the state owned Ceylon Petroleum Corporation (CPC) within the next three weeks, Petroleum Resources Minister Susil Premjayantha said.

He told the Colombo Gazette that with world oil prices now reduced the government will look at domestic prices in three weeks time.

Meanwhile he said that Lanka Indian Oil Corporation (LIOC) has sought an increase in the price of fuel.

This is after India raised fuel prices recently in its domestic market.


(By Indika Sri Aravinda for Colombo Gazette)