LIOC diesel up by Rs. 5

by Lal Gunesekera

The Lanka Indian Oil Company (LIOC) has increased diesel price by five rupees with effect from midnight yesterday.

A litre of Lanka Oil Diesel which was priced at Rs. 74.30 will now cost Rs. 79.30, while Lanka Auto Diesel price will increase to Rs 78 a litre from Rs. 73.Petroleum Industries Minister Susil Premajayantha was not available for comment as he was overseas and due to return to the country late yesterday.

Co-ordinating Secretary D.C. Sirisoma told ‘The Island’ that he was not in a position to comment until the arrival of the minister. He only said that a request may have been made by LIOC to the Treasury and it may have been approved due to escalating world oil prices.

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