The Sri Lankan government would introduce from next month a maximum retail price for fuel, State Minister of Energy DV Chanka said on Sunday.
Speaking to reporters, Chanaka said that the Maximum Retail Price (MRP) would be set as per the pricing formula of the government.
“The government would introduce a maximum retail price for fuel. Based on the pricing formula we will set a MRP,” Chanaka said.
The move of the Sri Lankan government comes even as Chinese energy company Sinopec is set to enter the retail fuel market for the first time in August.
