The fuel pricing formula was revealed by Minister of Finance and Media Mangala Samaraweera, today (18), during a press conference held at the Treasury.
Accordingly, the much hyped fuel pricing formula is as follows:
MRP = V1 + V2 + V3 + V4
Samaraweera said that the Maximum Retail Price (MRP) was based on four factors. They are landed cost, processing cost, administrative cost and taxation.
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