No change to fuel price revision method - Power & Energy Ministry
November 7, 2022 03:23 pm
The Ministry of Power and Energy states that there will be no change in the fuel price revision method, according to the price formula.
The price formula is being continued in the same way since the fuel prices should be revised in accordance with the price fluctuations in the world market, said the Ministry.
Filling station owners and the distributors allege that the price revision done on the 1st and 15th of each month under the fuel price formula is not fair.
In view of the situation, fuel queues were emerging near filling stations within the last few days due to lack of fuel in them, since the filling station owners had been delaying the ordering of fuel in anticipation of a decrease in the fuel price.
However, the filling station owners had taken steps to place orders for fuel, after the Minister of Power and Energy Kanchana Wijesekara declared that the fuel price revision that was scheduled to be done on November 01 will not happen.
Accordingly, the Ministry of Power and Energy mentions that fuel distribution has been normalized within filling stations across the country.
Meanwhile, the President of All Island Three Wheeler Drivers’ Union, Lalith Dharmasekara expressed his appreciation for the increase in fuel quota allowed for three-wheelers.
The provision of the increased additional fuel quota for passenger transport three-wheelers in the Western Province came into effect today (Nov 07). QR data system in relation to the procedure is being updated since midnight yesterday.
However, many people have alleged that the increased fuel quota could not be obtained as the data system has not been updated by today.
Earlier, the Ministry of Power and Energy decided to increase the fuel quota allocated for three-wheelers from 5 litres to 10 litres, whilst it is scheduled to be implemented throughout the island in several stages.
Nearly 9,000 three-wheelers within the Western Province have been registered via the website www.wptaxi.lk, while 16,000 three-wheelers have been registered at police stations for the new increased fuel quota.
