President Maithripala Sirisena says the Government may revise the fuel price formula because, “unfortunately” since its introduction, the prices have moved only upwards.
Addressing senior journalists today, the President said oil price formulas were being followed in many countries but in Sri Lanka there were complaints that it was not working the way it should.
He said many people had complained to him about the problems stemming from the formula and wanted it revised to reflect Sri Lankan realities.
He added he hoped that in the upcoming budget, there would be an announcement regarding this.
You can share this post!
Content
The Supreme Court of Sri Lanka has ordered the Election Commission to immediately proceed with the postponed Local Government Elections.
United Petroleum (UP) was launched in Sri Lanka today and will commence retail fuel operations in September with 150 dealer owned and operated fuel stations.
Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, has cautioned that reversing the current economic programme could lead to a resurgence of the severe economic and social crisis Sri Lanka endured nearly two years ago.
Leave Comments