Cabinet decides to maintain fuel rates at a flat rate for one year

News

The government has decided to maintain fuel price under a flat rate for at least one year irrespective of the world market price, Cabinet Spokesman Minister Bandula Gunawardana said today.

He said that it was decided at yesterday’s Cabinet meeting to establish a ‘Steady Fuel Price Fund’ to divert the money saved from the drop of oil prices in the global market.

Stressing that this fund would help to cover the losses incurred by some government institutions, Minister Gunawardana pointed out that when the fuel prices in the world market increases, the loss can be covered by the money in this steady fuel price fund.

Comments

Still No Comments Posted.

Leave Comments

Most Reviews

July 11, 2024

- 1213 - 0

Colombo Fort Magistrate interdicted

The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.

July 9, 2024

- 434 - 0

Govt employees who refrained from taking part in strike to be rewarded

July 12, 2024

- 272 - 0

SC refuses interim order on Judges appointments

The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.

July 10, 2024

- 272 - 0

Deadline extended for G.C.E. A/L applications

The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.

July 16, 2024

- 272 - 0

MP on open warrant turns up at school event

Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.

July 8, 2024

- 202 - 0