Kanchana seeks Cabinet approval for monthly fuel price formula today

Monday, 21 November 2022 01:15 - - {{hitsCtrl.values.hits}}

Power and Energy Minister Kanchana Wijesekera

Power and Energy Minister Kanchana Wijesekera said the fuel price formula will be implemented once a month and the proposal to this effect will be submitted to the Cabinet today.

“It was observed that dealers were not placing orders couple of days before the fuel price revision, anticipating either a financial gain or a loss,” he said at the 50th anniversary celebration event of the Petroleum Dealers Association on Saturday.

Previously, the fuel price formula was supposed to be implemented twice a month on 1 and 15 of each month.

Against this backdrop, Minister Wijesekera said that they have decided to implement the fuel price formula once a month going forward.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.