Fuel prices increased [UPDATE]

Fuel prices increased [UPDATE]

(FASTNEWS|COLOMBO) – The Ministry of Finance has decided to increase the price of fuel under the monthly price formula with effect from midnight Friday (10).

The price of a liter of Octane 92 petrol was increased by Rs. 3, Octane 95 petrol by Rs. 5 and Super Diesel by Rs. 2. The new price of a liter of Octane 92 petrol is Rs.135, Octane 95 petrol is Rs. 164 and Super Diesel is Rs.136.Auto Diesel remains at Rs.104.

Fuel Pricing Committee convened at the Ministry last afternoon.

When revising the price, the Committees take into account the world market fuel price and make appropriate revisions to the local price.

The fuel pricing formula is effective on the 10th of every month.

The price of fuel was not increased last month owing to the Sinhala and Hindu New Year.