Fuel prices still lower than regional peers: Finance Ministry

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Amidst the recent hike in domestic fuel prices, Sri Lanka’s current retail prices are comparatively lower than many regional peers, a recent analysis by the Finance Ministry has showed. While Petrol and Diesel were revised in Sri Lanka with effect from September 10 Oetrol 2018 to Rs. 161 and Rs. 123 respectively, prices in India currently stand at Rs. 190 (Petrol) and Rs. 171 (Diesel), Bangladesh – Rs. 173 (Petrol) and Rs. 127 (Diesel) and Singapore – Rs. 267 (Petrol) and Rs. 208 (Diesel).

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