President Maithripala Sirisena has not given any orders to reduce the fuel prices that was increased last night as reported by certain media outlets, the President’s Media Division (PMD) said today.
This was in response to media reports that cited JVP leader Anura Kumara Dissanayake who stated in Parliament today (06) that the President had ordered to reduce the fuel prices.
Refuting such media reports, Senior Director of the PMD Dharma Sri Ekanayaka when contacted said that the President had made no such directive.
The Ministry of Finance had increased the fuel prices according to the fuel pricing formula that was introduced in May.
According to the fuel pricing formula, a litre of 92 octane petrol was increased by Rs. 8 per while a litre of diesel was increased by Rs 9 from midnight yesterday (05).
However, the price for a litre of kerosene remains unchanged.
According to the current fuel pricing formula, prices will be amended once in two months with the next revision of prices slated for September 5.
Although a committee was approved by the Cabinet to oversee the fuel price revisions, the Finance Ministry opines that a weekly revision as opposed to one in two months will be far more beneficial to the general public.
It is also reported that the Finance Ministry is exploring the possibility of introducing a weekly revision. However such a measure would be subjected to Cabinet approval.
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