Lanka Indian Oil Company (LIOC) has decided to increase the price of Petrol 92 Octane by Rs 7.00 per litre and the price hike is set to take effect from midnight yesterday(10).
The revised price, which was previously at Rs 140.00 as per the price hike announced by the Lanka IOC last month, will accordingly be Rs 147.00.
However, the prices of other fuel categories will not be increased, Lanka IOC has stated.
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This decision has been taken in view of the price revision announced by the Ceylon Petroleum Corporation (CEYPETCO) yesterday.
The CEYPETCO, in line with the fuel pricing formula which revises the fuel prices on the 10th of every month, increased the price of Petrol 92 Octane by Rs 3.00 and the revised price is at Rs. 138.00. The other fuel categories were not subject to any price revision.
