Cabinet to take final decision on fuel prices

Saturday, 7 July 2018 00:00 -     - {{hitsCtrl.values.hits}}


A final decision on fuel pricing revisions for state-run Ceypetco outlets will be taken at the next Cabinet meeting, Finance Ministry said in a statement yesterday.

Outlining that the price revisions are done every two months as per the new pricing formula introduced in May, which takes into account the price fluctuations in the World oil markets, the statement said that the price of fuel can be set by fuel retailers based on the revisions.