Fuel prices increased

Thursday, 11 October 2018 00:00 - - {{hitsCtrl.values.hits}}

Govt. decides not to raise diesel prices

Prices of petrol and super diesel were increased with effect from last night, the Finance Ministry said yesterday.

Issuing a statement, the Ministry said the price of 92 Octane petrol would be increased by Rs. 6 to Rs. 155 a litre, 95 Octane petrol by Rs. 8 to Rs. 169 a litre and super diesel by Rs. 8 to Rs. 141 a litre.

However, the Government has decided not to increase the price of diesel, due to adverse effects on the public, especially transport and fishery industries.

“Although diesel should have been increased by Rs. 11 according to the pricing formula, the Government has decided not to increase it due to the adverse effects it will have on the public, transport and fisheries industry,” the Ministry said.

The Ministry pointed out that the price of a barrel of crude oil, which had been $ 75 when fuel prices were last raised on 10 September, had now increased to $ 84.