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Thursday, 18 October 2018 - 18:53
Price formula publicized
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Finance Minister Mangala Samaraweera, presented the formula being used as the basis for the fuel price revision, to the media.  

Speaking at a press conference held at the Finance Ministry he stated that a barrel of crude oil had reduced by 5 US Dollars within the past few days in the global market.

Fuel Pricing Formula: MRP = V1 + V2 + V3 + V4.
V1- Landed Cost (Rs./Litre)
V2- Processing Cost (Rs./litre)
V3- Administrative Cost (Rs./Litre)
V4- Taxation (Rs./Litre)

 
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