(LANKAPUVATH | COLOMBO) – Minister of Power and Energy Kanchana Wijesekera says the government has proposed to provide a direct cash subsidy to low-income families and fisheries and plantation sectors that depend on kerosene.
The Minister made this announcement after the Ceylon Petroleum Corporation (CPC) increased the price of kerosene yesterday.
The price of a liter of kerosene, which sold for Rs. 87 was increased by Rs. 253 to Rs. 340 effective from today.
Minister Wijesekera said the Kerosene price revision was a must as it has not been revised for many years.
He said selling petroleum products at subsidized prices is one of the main reasons for the losses incurred by the Ceylon Petroleum Corporation.
“With prices now on par with costs the Government has proposed a direct cash subsidy to low income families, fisheries & plantation sectors that depend on kerosene,” the Minister said on Twitter.