AKD government reduces fuel prices after poll campaign allegations

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By Editor_1
Sri Lanka reduced fuel prices on Monday (September 30, 2024) based on production costs and global oil prices formula -ISHARA S. KODIKARA / AFP/File

COLOMBO – Sri Lanka’s new government led by newly elected Anura Kumara Dissanayake reduced retail fuel prices for October 2024, with the state-run Ceylon Petroleum Corporation (CPC) announcing Monday (Sept 30) new fuel prices based on a formula which will be effective throughout October 2024.

The CPC reduced mostly used Octane 92 by 21 rupees to 311 rupees a litre, Auto diesel by 24 rupees to 283, and Super diesel by 33 rupees to 319 rupees.

The price of Kerosene was reduced by 19 rupees to 183 rupees. However, it left the price of 95 Octane unchanged at 377 rupees.

During the election campaign, President Dissanayake’s Marxists-led National People’s Power (NPP) accused the previous government of burdening the public with exorbitant taxes on fuel and some corrupt deals for higher prices.

Some of the NPP members said the price could be reduced by more than 100 rupees through removing the taxes.

-economynext.com

 

Editor_1
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