Government raises fuel prices to manage dwindling stocks and curb consumption, urging public cooperation while absorbing Rs. 20,000 million in subsidies to ease the burden.
The government was compelled to raise fuel prices to properly manage existing stocks amid the global crisis, Minister and government spokesperson Nalinda Jayatissa said at a media briefing held at the Government Information Department.
With fuel prices soaring rapidly on the world market, the minister noted that limiting consumption was a more practical approach than matching international price levels. He emphasized the social responsibility of the public to minimize fuel usage for non essential activities.
Minister Jayatissa stressed that public cooperation is essential to navigate this challenging period successfully, assuring that the government is making every effort to manage the situation.
With the latest price revision, the government is absorbing Rs. 100 per litre for diesel and Rs. 20 per litre for petrol. The total government expenditure for one month amounts to Rs. 20,000 million. The minister urged the public to use fuel only for essential needs, helping the nation overcome the crisis through collective responsibility.
