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21st of October 2018

Economy



Sri Lanka Fin Min hikes fuel price: Petrol Rs.149 and Diesel Rs.123

Sept 11, 2018 (LBO) – Sri Lanka’s Finance Ministry has raised the petrol price to 149 rupees a litre from 145 rupees with effect from midnight September 10 and diesel to 123 rupees from 118 rupees.

The Retail Prices of  Auto Fuel is as follows: Type of Fuel                            Present Price              Revised Price (Rs.)                                                              Petrol 92 Octane                     Rs 145.00                    149.00 Petrol 95 Octane                     Rs 157.00                    161.00 Auto Diesel                             Rs 118.00                     123.00 Super Diesel                           Rs 130.00                     133.00

In August, Sri Lanka increased the prices of petrol (95) by 2.00 rupees to 167 rupees and super diesel by 1.00 rupee to 130 rupees. The price of Petrol (92 octane) was kept unchanged at 145 rupees a litre and auto diesel at 118 rupees.

Keeping an election promise the government under President Maithripala Sirisena reduced fuel prices sharply in 2015.

In 2015 the price of a litre of 92-octane petrol was reduced from 150 to 117 rupees while the price of 95-octane petrol has been come down from 158 to 128 rupees.

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