Sri Lanka to increase price of fuel

Sri Lanka government sources say that focus is on increasing the price of fuel.

Sri Lanka Petroleum Corporation says that the loss from petrol is Rs. 2, the loss from diesel is Rs. 27 and the loss from kerosene is Rs. 39.

The loss to the Corporation is reportedly increasing and the government is under pressure for increasing the price, sources say.

Sources further say that the supply of fuel at highly subsidized rates to Sri Lanka Electricity Board is another reason for the losses of the Sri Lanka Petroleum Corporation.

A liter of petrol is Rs. 125, a liter of diesel is Rs. 76 and a liter of diesel is Rs. 61 at Sri Lanka Petroleum Corporation outlets.