Convener of the Joint Trade Union Alliance Ananda Palitha claims the prices of a litre of diesel and petrol can be reduced by Rs.70 each.
Speaking during a media briefing in Colombo today, Ananda Palitha said the local fuel prices should’ve been revised last night based on the fuel pricing formula introduced by Minister of Energy Kanchana Wijesekera.
He said a price revision does not mean that it is always an increase.
Ananda Palitha noted that politicians from both sides of the aisle have indicated previously that the public should receive the benefit of oil price reductions in the global market.
He said at present the crude oil barrel is sold for less than USD 27.
Palitha noted that according to the rate that oil reaches to the local port, prices of a litre of all fuel variants can be reduced by Rs.70.
He added that a litre of 95-octane petrol and super diesel can be reduced further since, a tax of Rs.80 and Rs.67 is imposed on 95-octane petrol and super diesel respectively.
Convener of the Joint Trade Union Alliance Ananda Palitha also claimed that plans are underway to increase a litre of kerosene oil to more than Rs.200.
Ananda Palitha said for months, fishing communities and low-income families did not have kerosene oil and now authorities are planning to increase prices.
He said since the appointment of Minister of Energy Kanchana Wijesekera, the Sapugaskanda Oil Refinery was shut on four occasions.
Ananda Palitha said operations have been suspended at the Refinery for the past 48 days as well.
He said authorities while claiming the government is incurring a loss of more than Rs. 300, are attempting to increase the price of a litre of kerosene oil to Rs.220.
He said instead of increasing the prices, authorities must sell a litre of kerosene oil for around Rs.70 and provide some relief to the people who are affected by shortages and due to the increase in domestic LP gas prices.