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Sri Lanka’s fuel pricing formula comes into effect in May | Sunday Times

Sri Lanka is set to introduce a cost-reflective transparent fuel pricing, based on international market prices, next month. This new transparent mechanism will be submitted for cabinet approval in the next two weeks, Finance Ministry sources disclosed.

In this much-delayed fuel pricing formula, prices would change with international market prices similar to many other commodities people consume, a senior official of the ministry said adding that it could be implemented with effect from May 1 following the cabinet approval.

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Sunday Times – Sri Lanka’s fuel pricing formula comes into effect in May.

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