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Fuel price goes up again

Sri Lanka's ministry of finance said the price of fuel would be increased again following the earlier price hike in February. 

As of midnight tonight the price of petrol would be increased by Rs 3 per litre, and the price of super diesel by Rs 2. The price of auto diesel will not increase. 

In February the price of petrol was increased by Rs 6 per litre, auto diesel by Rs 4 and super diesel by Rs 8. 

The rising cost of living remains a key issue on the island, especially as the economy faces further pressure following the Easter Sunday bombings targetting luxury hotels popular with foreign tourists. 

Following his temporary appointment as prime minister last year, Rajapaksa swiftly cut the price of fuel in a bid to win over Southern voters. 

"Given the impact of fuel pricing on all strata of the society especially those engaged in transport, agriculture and fisheries sectors, price of Petrol (Octane 92) will be reduced by Rs. 10 per litre, Auto Diesel by Rs.7 per litre and Lubricants including the 2T lubricants used in three-wheelers and small agricultural engines by Rs.10 per litre with effect from mid night today.At the same time a cost-based pricing mechanism will be implemented on fuel in place of the monthly fuel price formula," Rajapaksa said at the time.