The Cabinet Sub-Committee, headed by Prime Minister Ranasiri Wickremanayake, and comprising cabinet ministers A. H. M. Fowzie, W. D. J Seneviratne, G. L. Peiris, Kumar Welgama, Dinesh Gunawardena,Champika Ranawaka, Dullas Alahaperuma Rajitha Senaratne and the Secretary to the Treasury Dr. P B. Jayasundara, CEB Chairman Udayasiri Kariyawasm and CPC Chairman Asantha de Mel, has unanimously decided not to increase fuel prices.
Sub-committee sources told The Island Financial Review that a monitor had been appointed to keep track of fuel price escalation in the world market.
The sources said that the Committee had also discussed granting fuel subsidies to public and private sectors and had decided not to disturb fuel bills in the food production sectors.
Instead, it had focused on economising the usage of fuel and rationalizing fuel consumption without causing problems to the general public and sustaining military operations against the LTTE.
According to the same source, even though the Petroleum Corporation would be encountering additional problems, especially of a financial nature, the Sub-committee has assured that whatever the world fuel prices may be, either a fuel limitation system or fuel price increases will not be introduced shortly.