Direct cash subsidy for low income families, kerosene dependent sectors
Posted in Local News
Sri Lanka’s Energy Minister Kanchana Wijesekera. (AFP / Ishara S. KODIKARA)
Kerosene price revision was a must for many years, Minister of Power and Energy Kanchana Wijesekera said.
The price of kerosene was increased by Rs.253 with effect from midnight yesterday (August 21), the previous price of kerosene was Rs.87 per litre and the present price of kerosene is Rs.340.
In a tweet, the Minister also mentioned that one major reason for the losses of Ceylon Petroleum Corporation (CEYPETCO) was selling kerosene at subsidised prices.
He added that with prices now on par with costs, the government has proposed a direct cash subsidy to low income families, fisheries and plantation sectors that depend on kerosene.
Latest Headlines
- Corporal’s bravery in Ududumbara commended by the Sri Lanka Army Commander June 3, 2023
- Price of Litro gas to be reduced by Rs. 350? June 3, 2023
- Sri Lanka Government to relax import restrictions on nearly 400 items June 2, 2023
- Reform momentum must continue despite tentative signs of improvement in Sri Lanka Economy – IMF June 2, 2023
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 June 2, 2023
- Sri Lankan Rupee appreciates against U.S. Dollar June 1, 2023
- Professionals belonging to 14 categories required to register with Inland Revenue Department from June 01 June 1, 2023
