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* Sri Lanka increases fuel prices
Thu, May 10, 2018, 08:19 pm SL Time, ColomboPage News Desk, Sri Lanka.

May 10, Colombo: Sri Lanka's State fuel supplier Ceylon Petroleum Corporation (CPC) will increase prices of gasoline and diesel from midnight on Thursday, Co-Cabinet Spokesman, Minister Dr. Rajitha Senaratne announced at the weekly Cabinet Briefing today.

Accordingly, the new price of Octane 92 Petrol will be 137 rupees per liter, while Octane 95 will be 148 rupees. Auto Diesel and Super Diesel will be increased to 109 and 119 rupees per liter, respectively. The price of kerosene will be increased to 101 rupees per liter.

Although the price of kerosene has been raised from 44 rupees to 101 rupees, kerosene will be provided at the previous price for fishermen and Samurdhi beneficiaries.

The Minister explained that the kerosene use has increased in the recent past due to the unhealthy practice of using kerosene as fuel for vehicles.

The Ceylon Petroleum Corporation was running at a loss incurring a loss of Rs. 38 million per day after the increase in fuel prices at filling stations of the Lanka Indian Oil Company (LIOC).

Meanwhile, the Chairman of the Consumer Affairs Authority Hasitha Thilakeratne said filling stations refusing to sell fuel to consumers in the hope of profiting from the price hike is an offence and if found, the fuel stocks of those filling stations would be confiscated.


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