SL’s petrol prices low compared to those of many countries

Chaminda Perera

The government yesterday said that petrol prices in the country remain low when compared to prices in many countries in the region and in Scandinavia.

Political, social and environment calamities in oil producing countries have led to extreme fluctuations in oil prices in many countries.

According to a survey conducted by the Media and Information Ministry Research Unit, a litre of petrol is available in Sri Lanka at Rs 149 while its price in Japan is equivalent to Rs 227.97.

The price of petrol in Chennai, Delhi, Kolkata and Mumbai are relatively high compared to Sri Lanka’s.

A litre of petrol in Brazil where oil is produced, is above Rs 181 in rupee terms.

The demand for oil in the country has tremendously increased with the conclusion of the 30 year conflict. Oil consumption of the country increased rapidly after all sectors of the country witnessed massive development in the aftermath of the war.