Deputy Minister Chathuranga Abeysinghe says the latest fuel price increase was decided independently by the Ceylon Petroleum Corporation, not the government, as global oil prices surge and fiscal discipline remains a priority.
Deputy Minister Chathuranga Abeysinghe says the recent fuel price revision was not a political decision by the government but an independent determination made by the Ceylon Petroleum Corporation. Speaking on the Satana program on Sirasa TV, he explained that the CPC board and officials reviewed global oil market trends and adjusted local fuel prices accordingly.
Abeysinghe noted that previous governments weakened state institutions through ministerial interference in operational decisions. The current administration, he said, aims to protect institutional independence.
He emphasized that the sudden rise in international fuel prices forced the revision. However, if world oil prices fall, the government expects those benefits to reach consumers.
The Deputy Minister also revealed plans for targeted fuel subsidies for agriculture, fisheries and export manufacturing sectors.
