Lanka IOC has requested the government the permission to increase the price of fuel amid the sharp rise in fuel prices in the global market.
Accordingly, the IOC proposes to increase the price of petrol by Rs. 20 per litre and diesel by Rs. 30 per litre, said Manoj Gupta, Managing Director of Lanka IOC.
Although such a request from the government is not required to increase the price of fuel sold by the company, the request is made in the event that Lanka IOC is working sensitively with the country’s operating systems, Gupta told media.