Electricity and Energy Minister Kanchana Wijesekera says that the revision of kerosene prices should have been done many years ago.
The Minister stated in a Twitter message that one of the main reasons for the loss of the Petroleum Corporation was the sale of kerosene at a subsidized price.
Accordingly, the new prices are in line with the cost and the government has proposed a direct cash subsidy for low-income families, fishing and plantation sectors that depend on kerosene, the minister further states.
The relevant Twitter message is below.
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