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Will fuel prices in Sri Lanka reduce? Deputy Finance Minister responds
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Will fuel prices in Sri Lanka reduce? Deputy Finance Minister responds
Deputy Minister of Finance and Planning Anil Jayantha says there is currently no possibility of reducing fuel prices in Sri Lanka despite a decline in global fuel prices, as the country is still consuming fuel stocks purchased at higher prices. Speaking at a special media briefing held at the Department of Government Information on Wednesday (17), Fernando said fuel prices are determined based on the cost of existing stocks rather than current i…
No room for fuel price cut despite global price drop: Govt.
Deputy Minister of Finance and Planning Dr. Anil Jayantha Fernando said the government is currently unable to reduce domestic fuel prices despite the decline in global fuel prices, as Sri Lanka is still using fuel stocks purchased at higher prices.
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