Cheaper kerosene soon

by Ananda Kannangara

The Petroleum Resource Ministry yesterday assured that the price of kerosene will be reduced on par with Wednesday's price reduction on petrol and diesel.

Transport and Petroleum Resource Minister A. H. M. Fowzie told the Sunday Observer, that a team of officials had been deployed to study the price reduction process on kerosene.

"We are aware a large number of the rural population and a section of the fishing community depend on kerosene, therefore like on early occasions the benefit of the fuel price reduction will also be passed on to them", he said.

According to the recent price revision, a litre of 90 octane petrol has come down to Rs. 92 and 95 octane to Rs. 95. The price of diesel and super diesel has come down to Rs. 60 and Rs. 65.

Asked whether the Petroleum Corporation had taken any decision to take the maximum advantage of world market price reduction and stock up for future needs, the Minister said a shipment with 60,000 MT of fuel has already arrived in Colombo and it will be stocked at the CPC Muturajawela tanks.

"However, we are expecting to import more crude oil to avoid any shortage," he said.