The new Government is hoping to revoke the fuel price formula introduced by the 'Yahapana government'.
Minister of Passenger Transport, Power & Energy expressed these views to the media today.
He said President Gotabaya Rajapaksa had also expressed concerns over the price formula.
The International Monetary Fund(IMF) had called for an automatic pricing mechanism to be formulated under its Extended Fund Facility programme.
The Yahapalana government approved the implementation of a cost reflective formula based pricing system for auto fuels from 11 May 2018.
Following the Government's initiative, the IMF said the price formula marked a major step toward completing the energy pricing reforms and minimizing the fiscal risks.
The price formula was revealed to the public in October last year.
The fuel prices are changed 10th of every month based on the fuel formula.
Govt. to revoke fuel price formula
26 Nov 2019
Govt. to revoke fuel price formula
26 Nov 2019
The new Government is hoping to revoke the fuel price formula introduced by the 'Yahapana government'.
Minister of Passenger Transport, Power & Energy expressed these views to the media today.
He said President Gotabaya Rajapaksa had also expressed concerns over the price formula.
The International Monetary Fund(IMF) had called for an automatic pricing mechanism to be formulated under its Extended Fund Facility programme.
The Yahapalana government approved the implementation of a cost reflective formula based pricing system for auto fuels from 11 May 2018.
Following the Government's initiative, the IMF said the price formula marked a major step toward completing the energy pricing reforms and minimizing the fiscal risks.
The price formula was revealed to the public in October last year.
The fuel prices are changed 10th of every month based on the fuel formula.
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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!