• Says International fuel prices have increased to a seven-year high

By Chaturanga Samarawickrama 

Due to the huge increase in international fuel prices, Lanka Indian Oil Company (LIOC) increased their retail selling prices from yesterday.  

LIOC Managing Director Manoj Gupta said the price of a litre of Petrol 92 (Octane) had been increased by Rs.7. As such, the new selling price will be Rs.184. The price of a litre of Lanka Auto Diesel has been increased by Rs.3 and thus the new price is Rs.124. 

He claimed the losses are around Rs.42 per litre on the selling price of diesel and Rs.10 per litre on petrol compared to the current international prices.