HERE IS THE REASON FOR THE INCREASE IN OIL PRICES.

It is reported that Mr. Kanchana Wijesekera, the Minister of Power and Energy, has stated that fuel prices have been increased due to the remarkable increase in the price of flats in the last 3 months.

In this regard, the minister has mentioned that there has been a significant increase in the price in the last 3 months, from an average of $80-85 per barrel in May and June to an average of $85 per barrel in July and an average of $100-110 per barrel in August. and has increased.

But due to the last purchase of goods by the Ceylon Petroleum Corporation (CPC) in July this year, there will be no significant impact on the price of super diesel, and the fuel price formula adopted by the government has been strictly followed, and it will also be the same in the future price revision. The minister further stated that it will be implemented.

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