The proposal soaring fuel prices in the objective of minimising losses will be handed over to Energy Minister Udaya Gammanpila today (14), revealed the Ceylon Petroleum Corporation (CEYPETCO).
As of now, the price of one litre of petrol is Rs. 177 and the price of one litre of diesel is Rs. 121, but the cost of one litre of imported and refined petrol is Rs. 192 and diesel of the name nature, Rs. 169. Accordingly, the CEYPETCO is incurring a loss of Rs. 15.68 per litre of petrol and Rs. 48.30 per litre of diesel, it added.
The proposal minimising the loss by soaring the fuel price was handed over to the Finance Ministry on a previous occasion.
The fuel price was last soared by the CEYPETCO on December 20, 2021, after which Lanka Indian Oil surged the prices of petrol and diesel again. The CEYPETCO viewed that it should at least increase the prices in compliance with the IOC’s price hike.