The Ceylon Petroleum Corporation (CPC) announced that it has increased fuel prices with effect from 3.00 a.m. today (May 24).
Accordingly, the price of Octane 92 petrol has been increased by Rs. 82 per litre while Octane 95 petrol has been increased by Rs. 77 per litre.
Meanwhile the price of Auto Diesel has been increased by Rs. 111 per litre and Super Diesel by Rs. 116.
Accordingly, the new CPC fuel prices (per litre) are as follows:
Octane 92 Petrol – Rs. 420
Octane 95 Petrol – Rs. 450
Auto Diesel – Rs. 400
Super Diesel – Rs. 445
Taking to his official Twitter handle, Minister of Power and Energy Kanchana Wijesekara said the fuel pricing formula, approved by the Cabinet of Ministers, was applied to revise the prices.
According to the lawmaker, the price revision includes all costs incurred in importing, unloading, and distributing fuel to filling stations and taxes. However, profits were not calculated and included, he added.
Minister Wijesekara noted that the fuel pricing formula will be applied every fortnight or monthly to revise the prices.
CPC Release on Fuel Prices ... by Adaderana Online
