Hirunews Logo
HiruNews
HiruNews
HiruNews
Local+fuel+price+likely+to+decrease+in+the+near+future+++
Sunday, 06 September 2015 - 13:53
Local fuel price likely to decrease in the near future
113

Shares
13,574

Views

Minister of Petroleum and Petroleum Gas Chandima Weerakkodi stated that the new government will take measures to offer the advantage of oil price reduction in the world to the local consumers.

The Minister stated this while addressing the media, after paying his homage to the Temple of the Sacred Tooth Relic in Kandy this morning.

 

Secretary of the Ministry of Power and Energy Sunil Watagoda stated that in relation to the drop of oil rate in the world market, they intend to present the fuel pricing formula to reduce the local fuel prices accordingly, for the first meeting of the cabinet.

Since there is a trend of fuel price reduction in the world market, he further stated that they can reduce the fuel prices in the country through the fuel pricing formula.

A barrel of crude oil in the world market is priced as 50 US dollars at present.

This is noted as the lowest recorded rate in 11 years in the world. 

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
HiruNews
Thursday, 16 August 2018 - 16:24
Mangroves play a critical role in maintaining the ecological balance in Sri Lanka's coastal areas.However, some money-hungry people do not understand this.Our... Read More
HiruNews
News Image
Hiru News Programme Segments
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
2,714 Views
HiruNews
HiruNews
HiruNews
6,651 Views
HiruNews
HiruNews
HiruNews
8,049 Views
HiruNews
HiruNews
HiruNews
20,740 Views
HiruNews
HiruNews
HiruNews
649 Views
HiruNews
HiruNews
HiruNews
52,094 Views
Top