• Says Government is working towards easing financial burden of people

Trade and Commerce Minister Wasantha Samarasinghe yesterday (2) said that the fuel price revisions are being carried out in accordance with the pricing formula, with adjustments reflecting fluctuations in the global market.

Addressing the media in Anuradhapura, the minister stressed that the Government remains committed to implementing the pricing formula, ensuring that fuel prices adjust accordingly on a monthly basis.

“Fuel prices fluctuate based on the pricing formula, which aligns with global market trends. Whether we like it or not, we are following this system, and price revisions – whether increases or decreases – occur as required,” he stated.

Minister Samarasinghe also highlighted Government initiatives aimed at providing economic relief, including a 30% reduction in electricity tariff for factories, which he said would indirectly benefit the public. “As a Government, we are working across all sectors to ease the financial burden on the people. Our focus is on strengthening institutions, safeguarding citizens, and driving the country towards economic prosperity,” he added.