Petrol and diesel prices remain steady

Prices are not likely to rise every time the price of a barrel of petrol increases on the world market.

Nevertheless, if the existing trend continues where the fuel price is increasing on the world market, there is a risk of a boost in prices.

For now, prices stay stable as the State Trading Corporation (STC) has not made recommendations to the government. The PPC processes information available at the STC from its suppliers. It can get together as often as necessary but according to the law it should meet at least once every four months.

According to estimate following the growth price of fuel on the world market, the price of petrol should have undergone a raise of Rs 1.06 to reach Rs 50.10 and that of diesel should rise of Rs 3.65 to reach Rs 43.55.