Lanka IOC revises fuel price

(FASTNEWS|COLOMBO) – Lanka IOC, the IndianOil’s subsidiary in Sri Lanka, has revised the fuel price in line with the price revision announced by the Ministry of Finance on Monday (11).

Accordingly, the price of Octane 95 Petrol increased by Rs. 5.00, and Auto Diesel increased by Rs. 4.00, while the price of Super Diesel increased by Rs. 8.00.

However, the price of a litre of Octane 92 Petrol remains unchanged.

Fuel price revision according to the Government-approved monthly pricing formula was announced by the Pricing Committee convened at the Ministry of Finance yesterday.

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.