The prices of all petroleum products have been increased by the government by up to almost Rs.26. According to the Finance Division press release, the petrol price has been increased by Rs25.58 from Rs74.52 to Rs100.10 per litre. Similarly, the price of high-speed diesel (HSD) has been increased by Rs21.31 from Rs80.15 to Rs101.46 per litre.
The price of kerosene oil (SKO) has been increased by Rs23.50 from Rs35.56 to Rs59.06. Also, the price of light diesel oil (LDO) has surged by Rs17.84 from Rs38.14 to Rs55.98.
The statement issued by the Finance Division stated that this decision to increase the prices of petroleum products has been taken “in view of the rising oil prices trend in the global market”. From June 26th, the new prices will be effective.
The announcement made regarding the increase in fuel prices has come surprisingly as the prices that were changed last month had to be effective until June 30. Usually, the new prices are announced on the last day of a month. But this time around the revised prices have been announced a couple of days before the 1st of July.
Last month, the petroleum products prices except that of high-speed diesel were reduced.