According to the Price mechanism of Fuel introduced by the government Ceylon Petroleum Corporation (Ceypetco) and Lanka Indian Oil Company (LIOC ) had reduced the Fuel Prices with effect from 10 p.m tonight (17) .
Accordingly Ceypetco had reduced the prices of a liter of Octane -92 petrol and Auto Diesel by Rs.20 and the price of a liter of Octane -95 Petrol and Super Diesel by Rs.10 although there is a short supply ,
According to the new price reduction the Price of a liter of Octane -92 Petrol will be Rs.450 ,Price of a liter of Octane -95 Petrol will be Rs.540 ,Price of a liter of Auto Diesel will be Rs.440 and the Price of a liter of Super Diesel will be Rs.510 it has been announced .
Lanka Indian Oil Company has also reduced their fuel prices from same amount as Ceypetco .
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