Diesel becomes more expensive than petrol in Sri lanka
The Sri Lankan government on Saturday slashed the price of petrol by Rs 40 per litre, making diesel more expensive than petrol for the first time in the country.
The price reduction came as opposition parties in recent days took the government to task for not implementing the price formula despite the lower global oil prices.
The retail price of petrol has been reduced from LKR (Sri Lankan rupees) 450 per litre to LKR 410 per litre while the cost of diesel continued to remain the same at LKR 430.
“The new prices of petrol would be Rs 410 Sri Lankan rupees,” Energy Minister Kanchana Wijesekara said.
