Opp. & Govt. parliamentarians clash over fuel, now down to $50
2008-11-18 07:55:44

Government and opposition parliamentarians clashed on Monday over fuel prices in Sri Lanka even as world crude sank to its lowest level in more than two years - $50.46 per barrel on the same day, according to Central Bank figures

The OPEC basket was quoted at $49.09 on Monday. In the Singapore Refined Products Market, petrol was trading at $48.10, diesel at $68.40 and kerosene at $73.95.

On Monday during the budget debate in parliament, opposition legislator Ravi Karunanayake criticised the government for failing to lower fuel prices after world market prices had fallen sharply. Petroleum Resources Minister A.H.M. Fowzie said they were considering another revision next month if prices fall further. .