Fuel prices slashed, no change in 95 Octane Petrol

30 September 2024 10:12 pm Views - {{hitsCtrl.values.hits}} 30 Bookmark

CHATURANGA PRADEEP SAMARAWICKRAMA Follow

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The Ceylon Petroleum Corporation (CPC) announced that it will reduce the prices of fuel from midnight today.

Under the new pricing, Petrol Octane 92 will see a reduction of Rs. 21, bringing the price down to Rs. 311 per litre.

Auto Diesel will also see a reduction of Rs. 24, making the new price Rs. 283 per litre while Super Diesel will be reduced by Rs. 33, bringing the price to Rs. 319 per litre.

A litre of Kerosene will be reduced by Rs.19 and the new price will be Rs. 95

However, there will be no price revision on Petrol Octane 95

Comments - 30

Prasanna Monday, 30 September 2024 10:38 PM

Can reduce more than 100/- rupees for liter from petrol, but they want do it. What a joke...

8 8

Jayampathi Tuesday, 01 October 2024 10:18 AM

What ever AKD promised during the election, we don't need fuel for subsided rate. Short term benefits will impact to our economy in long run. Reduce the corruption

4 15

Sam Silva Monday, 30 September 2024 10:44 PM

This time the Santa is arriving before Xmas. We don't need a salary increase if the momentum continues.!!

1 12

Kanjan Monday, 30 September 2024 10:56 PM

HELLO KANJANA. WHAT HAPPENED DONT JUMP IMMEDIATELY WAI AND WATCH.

2 3

kamal jeffry Monday, 30 September 2024 11:14 PM

sounds like "thel" polim going to happen sooner or later

15 12

Rip Winkle Monday, 30 September 2024 11:21 PM

Not as big a reduction as anticipated given the media hype, but commendable nevertheless. One guy from Sri Lanka said, "Who cares about the price of 95 octane?" Well, that summed it up for me.

3 11

Anthony Monday, 30 September 2024 11:32 PM

As promised e expected a reduction of Rs 150, this reduction was to be given by the former President too. All promises cannot be full filled.

4 12

Hard Truth Tuesday, 01 October 2024 12:34 AM

Is this reduction will be contested by elections commission?

3 4

Jam Bunis Tuesday, 01 October 2024 12:45 AM

Now ppl don’t go thinking this is because of the NPP, globally crude oil prices are down. NPP openly stated that they could reduce fuel prices by almost half. Waiting for the sky to fall.

4 13

Mk Tuesday, 01 October 2024 02:51 AM

Before presidential elections, the NPPers said its an election gimmick if prices were reduced. Now what will they say? General election gimmick?

4 10

P Kunchithapathan Tuesday, 01 October 2024 02:59 AM

This is undoubtedly a positive step towards alleviating the cost of living for the ordinary citizen. If the government's current trend of cost-cutting continues by eliminating unnecessary expenditures, the reduction in prices should not place an undue burden on the Treasury. Fuel prices play a crucial role in shaping the cost of living, as transportation costs form a significant component. Additionally, the commissions paid by the international crude oil suppliers to the minister remain a critical factor. Furthermore, the issue of excess staffing and overtime within the Ceylon Petroleum Corporation must be addressed. With a genuine commitment from the leadership, a sustainable solution is indeed achievable. Commendations to the President and the new government for their genuine efforts.

3 4

Setting the stage for inflation Tuesday, 01 October 2024 03:42 AM

Fuel prices are determined by world oil prices, demand and supply, conflicts in the middle east, currency fluctuations and so many other factors. The LK government is enthusiastic because they just won the elections, but all these price cuts cannot be sustained in the long run. The public will end up paying dearly to make up for these minor short term 'benefits'.

4 5

Tissa Fernando Tuesday, 01 October 2024 04:48 AM

World market oil prices declined significantly. May be Saudis are fond of AKD coming into power.

6 3

Ram P Tuesday, 01 October 2024 04:49 AM

Very welcome news. Only issue is President AKD must take care not to get caught for speeding. I mean doing all this in a rush and later regretting

0 4

Dee Tuesday, 01 October 2024 05:36 AM

It’s ok for not reducing by 150/- plus. People won’t understand ,but those who know the math do understand. Let’s see the reaction- we are watching!

1 7

Best Tuesday, 01 October 2024 06:03 AM

Octane 95 is environmentally friendly They should promote it further but unfortunately declined to do so

2 8

prageethw Tuesday, 01 October 2024 07:23 AM

it is good to slash prices If economics provide giggle room, but not by loss-making at taxpayers expense, State enterprises must be run at least at breakeven if NPP thinks they provide more broader communal service.

0 4

Gihan Tuesday, 01 October 2024 07:30 AM

Interesting. No change at all in 95 Octane, but only for other categories. Looks like the fuel pricing formula is out of the window. Seems like we are returning to the old days of political interference in price setting of fuel for political convenience. The consequences are clear.

3 6

Jayampathi Tuesday, 01 October 2024 07:32 AM

AKD promised to remove Rs.50/- tax per liter currently charged to cover the 1200 billion losses that occurred by CPC previously. Just following the previous govt. Pricing formula. In the world market, oil prices dropped by 8-10 US$ (12-15%) per barrel the last month and reported the lowest price since July 23. When will consumers get this benefit?

3 6

Yohan Tuesday, 01 October 2024 07:46 AM

This may get overturn similar to 25k fertilizer subsidiary as this is during an election time price adjustment.

2 1

P Senarath Tuesday, 01 October 2024 08:22 AM

Reduce petrol by another Rs 40 next month and then NPP govt can increase the prices after the election.

4 5

Russel Harmmer Tuesday, 01 October 2024 08:39 AM

Hon. Excellency President Anura Kumara Dissanayake thanks a million for giving such a relief for the people. First time in the history Rs. 21/- was reduced for Petrol 92 in one shot. We welcome your great move.

12 5

Tudor Gunasekera Tuesday, 01 October 2024 08:43 AM

Hats off Anura. Within the short period what a lot of relief our President had given to the poor masses.

11 5

Janaka Tuesday, 01 October 2024 08:51 AM

AKD is the best thing happened to majority of Sri Lankans.. Better administration than expected.. May God keep in power and bless him...very practical President...

10 5

Dhammika Tuesday, 01 October 2024 09:04 AM

Promised to reduce it by more than Rs 100/-. after removing the tax.

4 10

APPUHAMY Tuesday, 01 October 2024 09:04 AM

Great, Taxi

0 1

Unite the RIGHT Tuesday, 01 October 2024 11:48 AM

This reduction is not because of the NPP, globally crude oil prices are down. NPP openly stated that they could reduce fuel prices by almost half,, and also said the former Minister got commission that led to higher fuel prices. So now where is the commission going ? to the NPP party's fund is it? People are watching my frnd. you promised a major reduction but now just covering it up. It was easy to say, now difficult to do isnt it?

0 1

GERIATRIC RETIREE WITHOUT PENSION - TAX PAYER LAST 50 YEARS. SINCE 1975. Tuesday, 01 October 2024 11:49 AM

PRICE OF SUPER DIESEL SHOULD BE SOLD AT PRICE HIGHER THAN 95 OCTANE PETROL... INVESTIGATE WHO USES SUPER DIESEL AND ON WHAT CATEGORY OF VEHICLES...THESE DIESEL VEHICLES ARE SUBJECTED TO MUCH LOWER IMPORT DUTIES

1 0

Guppi Tuesday, 01 October 2024 12:38 PM

95 petrol is what the vehicles need for green certification and longer engine performances. No spare parts in the market. This is unfair as you guys think rich people pump 95?

0 2

John Fernando Wednesday, 02 October 2024 02:37 PM

It's unfair that 95 Octane does not get any reduction. Many people use European cars which are driven from 95 Octane Fuel. Not that the people who have are using 95 Octane as some Pandits think?

0 0

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