“Lanka IOC could not bear any further losses and, therefore, company decided to marginally increase the selling prices. Still, full losses have not been passed on to the customers, the communiqué read.
Accordingly, the price of a 92 Octane petrol litre was increased by Rs. 9, is now Rs. 126, while the price of a liter of diesel was increased by Rs. 5, is now Rs. 100. The prices of 95 Octane petrol and Super Diesel was not revised.