‘Fuel Price Stabilisation Fund’ to Cabinet on Monday (11) - Gammanpila

COLOMBO (News 1st); Sri Lanka’s Energy Minister Udaya Gammanpila revealed that the sub-committee approved ‘Fuel Price Stabilisation Fund’ will be tabled at the meeting of the Cabinet of Ministers on Monday (11).

He told Parliament that across the world there are two methods used to control the prices of fuel, one being the Fuel Price Formula adopted by the former government and the other being the Fuel Price Stabilisation Fund.

He said the government understood that a middle-income country like Sri Lanka should maintain a Fuel Price Stabilisation Fund and it was directed to the Ministerial Sub-Committee on Solving the Energy Crisis, where it was discussed for a period of almost five months.