Petrol prices were increased by Rs. 5.00 with effect from midnight last night, the Ceylon Petroleum Corporation (CPC) announced.
Accordingly the price of a litre of Octane 90 petrol will be Rs. 97.00 while a litre of Octane 95 petrol will be Rs. 100.00
The CPC said it was forced to increase the price of petrol owing to rising world oil prices. Earlier this week the CPC said it would have to incur a loss of Rs. 175 million if the price of petrol was not raised within the next two weeks.
Addressing a news conference in Colombo, CPC Chairman Asantha de Mel said the CPC could maintain the present diesel price since it was being transported directly from Muthurajawela.