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No fuel price hikes after Dec – Rajitha

Fuel price hikes will come to an end after December, Cabinet Spokesman,Dr. Rajitha Senaratne said at yesterday’s (3), Cabinet Media briefing.

Meanwhile, when queried on why the Government has still not revealed the fuel price formula to the public,
Dr. Seneratne said that the formula has already been forwarded to the National Economic Council. However, when journalists urged that the fuel price formula be revealed at the next Cabinet media briefing, he agreed saying he would bring the formula next week.

He added that the fuel price hikes are not just an occurrence in Sri Lanka, and that the fuel price is changed everyday in India. However, Sri Lanka could not follow this method as the country did not have the technology that linked all fuel stations with the fuel price formula changes, he noted.

Therefore, the Government has resorted to changing fuel prices monthly, he added.

(Ceylon Today)

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