Fuel prices to be revised today!

The prices of fuel are scheduled to be revised today (01) for the month of September based on the decision to revise fuel prices on the 1st and 15th of each month.

Fuel prices were not revised on August 15 and only the diesel price was reduced by Rs.10 per litre on August 01.

The fuel price is being revised according to the fuel price formula after considering the factors such as fuel prices in the world market, fuel import costs, unloading costs and distribution costs and taxes.

A committee consisting of representatives of the Ministry of Power and Energy, Ministry of Finance, the Central Bank, Ceylon Petroleum Corporation, Lanka Indian Oil Company and the Consumer Affairs Authority will implement the fuel price formula.

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