Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Finance Minister accuses former president of spreading lies about the fuel price revisions
Sat, Jul 14, 2018, 12:25 am SL Time, ColomboPage News Desk, Sri Lanka.

July 14, Colombo: Former president and finance minister Mahinda Rajapaksa is making false allegations and spreading lies about fuel price hike to mislead the people, said Minister of Finance and Mass Media Mangala Samaraweera at a media briefing held in Colombo Friday (13).

The Finance Minister today challenged the former president again to come to an open debate with him if possible without making false comments on the prices of fuel and the economy of the country.

"Mr. Rajapaksa, as usual, is hiding in the bushes and throwing stones at the government," Minister Samaraweera said.

Minister Samaraweera said the Kurunegala district parliamentarian is presenting various distorted views about the fuel pricing formula.

"Mr. Rajapaksa says that the price of one liter of petrol was Rs 120 during his regime. It's a lie. By the end of Mahinda Rajapaksa regime, by January 2015, the petrol price was Rs. 150 a liter. Compare to that the price is lower now," the Minister pointed out.

He said the fuel pricing formula was something the country needed for the growth. When the price of crude changes in world market and the dollar changes, the gain or loss will be transferred to people.

The Minister recalled that when the fuel prices were dropped in world market in 2014 to $55 a barrel the previous government did not lower the price of fuel in domestic market even after the Supreme Court ordered and did not pass that benefit to the people.

The Finance Minister assured that the benefits of the fuel pricing formula will be passed on to the people.


ColomboPage - Recent 10 Stories ::
Deputy Minister takes wasting fruits and vegetables to elephants at detention center
-- [6 hours ago]
Two school girls drown in sea in Kalutara
-- [6 hours ago]
Sri Lanka Railways workers to strike from midnight Sunday
-- [7 hours ago]
Sri Lankan government confirms two new diplomatic posts
-- [8 hours ago]
Sri Lanka takes steps to develop adventure tourism
-- [9 hours ago]
CMC, tri forces launch special project to clean the Beira Lake in Sri Lankan capital
Sri Lanka's first solar panel manufacturing plant with Japanese investment opens in Katunayake
Sri Lanka President commences construction of China-gifted national hospital for kidney patients
Sri Lanka President determined on implementing death penalty for drug traffickers
99X Technology ranked among Sri Lanka's Best Workplaces for sixth consecutive year

Copyright © 2000, 2016 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.