LNP – Fuel price revision likely today

A fuel price revision for the second quarter of this month will be made today, the power and energy ministry announced earlier.

According to amendments made to the fuel pricing formula, the fuel price revision is expected to take place on the 1st and the 15th of every month as per the fluctuation of prices in the global market.

On August 1, after amending the fuel prices, the Ceylon Petroleum Corporation (CPC) had reduced only the price of a litre of Lanka Auto Diesel by Rs. 10 with announcing the new retail price as Rs. 430.

There were no changes made in the prices of petrol, kerosene and other diesel varieties.

Accordingly, the retail price of a litre of Lanka Petrol 92 Octane is Rs.450, Lanka Petrol 95 Octane Euro 4 is Rs.540, Lanka Super Diesel 4 Star Euro 4 is Rs.510 and Lanka Kerosene is sold Rs.87.