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Fuel prices to be reviewed every two months under the new price formula

After the implementation of the new fuel price mechanism on May 10th, fuel prices will be revised every two months.

Although the price of kerosene have gone up by Rs 57, it will be given at a concessionary price to Samurdhi beneficiaries without electricity supply, estate sector community and other residencies without electricity supply.

The subsidy will also apply to the small scale fisher-folk who use one-day fishing boats.

About 47,555 family units will receive their kerosene subsidy from May 10 and the 1st payment regarding this will be made in June.

Through the Central Bank Treasury, Ministry of Social Empowerment will be issued allocations for the families of Samurdhi beneficiaries to pay for kerosene concessions in addition their usual Samurdhi allowance.

It is estimated that there are 24,282 fishermen island-wide who use outboard motor boats, and they too will receive the subsidy from June.

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