The Hon. Kumara Jayakody — Minister of Energy
The Minister of Energy explained that fuel price calculations are based on the actual international price on the discharge date, while tenders determine only the premium. He said the relevant cargo was discharged when international prices were higher, leading to the adjustment, and added that price increases had been limited despite higher warranted increases, including diesel being sold at about an Rs. 8 loss that month.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Member, price computation relies on the actual international price on the discharge date; tenders set the premium only. The relevant cargo discharged when prices were higher, hence the adjustment. Please also note my earlier point: despite warranted higher increases, we limited adjustments (e.g., diesel still sold near an Rs. 8 loss this month). A clearer understanding of the mechanism will avoid misconceptions.
Provenance
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- Hansard, Tuesday, 22 July 2025 ·No. 1753443916033328 ·English daily/uncorrected Hansard
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Cite as: The Hon. Kumara Jayakody — Minister of Energy. 10th Parliament, Parliament of Sri Lanka. Hansard, 22 July 2025. No. 1753443916033328. Politick, https://staging.politick.io/lk/speeches/13559