No sudden increase of fuel prices says Petroleum Minister
Minister of Petroleum and Petroleum Resources Development, A.H.M. Fowzie says that no decision has been taken for a sudden increase in fuel prices. Speaking to the government media, the Minister has also revealed that a study is underway on the financial situation of the Ceylon Petroleum Corporation (CPC) and the global fuel prices. He added that CPC has incurred a loss of 7.32 billion rupees following the last increase of fuel prices in January. Earlier, the Minister hinted a fuel price increase immediately following the New Year celebration.