Cabinet Spokesman and Minister Dr. Nalinda Jayatissa yesterday said the Ceylon Petroleum Corporation (CPC) has not yet submitted a proposal regarding fuel prices.
Responding to queries at the weekly post-Cabinet meeting media briefing, he explained that the country is currently relying on fuel stocks ordered previously, and that no discussions have been initiated at this stage on revising prices.
Dr. Jayatissa acknowledged that some distributors are struggling to sell fuel at prevailing rates, noting that the Government had provided concessions over a three-month period to ease the burden.
A total of Rs. 57 billion was allocated from the Treasury to support this measure.
He said future decisions on fuel pricing will depend on global price movements, adding that the Government would act only after assessing whether international fuel prices increase further.