Petrol prices could have crossed Rs. 700 if not for NPP government – Deputy Minister

Newswire reports that Ceypetco’s latest adjustment, effective November 2, put Octane 92 petrol at Rs. 424 per litre after a Rs. 10 increase, and Auto Diesel at Rs. 397 after a Rs. 5 rise. Deputy Minister Namal Karunaratne spoke to media after the revision, according to Newswire.

Newswire reports that Karunaratne said the government had taken on significant financial costs to limit local fuel price rises as the global conflict drove up international prices. He said petrol might have surpassed Rs. 700 per litre if a different government had been in office as the conflict escalated.

Newswire reports that Karunaratne said President Anura Kumara Dissanayake had submitted supplementary estimates to Parliament, with funds intended to reduce the impact of higher global fuel prices. He acknowledged that the recent increases would affect farmers and members of the public, and said the government was still covering some costs to keep prices at their present levels.

Newswire reports that discussions are continuing on taxation and other economic issues, and that the next Budget may include measures intended to ease pressures on the public.

Written automatically by AI from the outlets’ own reports, and not reviewed by an editor. It can be wrong — the original report is the authority.