Energy Minister Kumara Jayakody says that it is a good thing to have a price formula for fuel sales.
He said that he will consider whether it should be revised or not in the future, while addressing the media when he assumed duties at his ministry.
He said that there is no need to be afraid regarding the price formula and added that the government is always trying to reduce prices.
“There is no need to abolish the fuel price formula. We are looking at what should happen. It is good to have a fuel price formula. We are looking at whether it should be revised. We are thinking in a new way. We are trying to reduce fuel prices.”