Fuel prices to be revised every month



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by Zacki Jabbar


Fuel prices would be revised on a monthly basis, the government said yesterday.


Health Minister Rajitha Senaratne, addressing the weekly post-Cabinet media briefing at the Information Department, said that even with the ‘small price increase’ effected by the Cabinet last week a litre of petrol and diesel would be sold at rates much lower  than what prevailed in 2014.


"Due to a hike in international oil prices,  we have effected a tiny percentage increase. That is after the consumer had enjoyed the benefit of hugely subsidised fuel for the last three years."


He assured that the benefit of a drop in world market oil prices would also be passed on to the consumer.Well developed countries, he pointed out, were able to fix their fuel rates on a daily basis because they used computerised meters.


 
 
 
 
 
 
 
 
 
 
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