COLOMBO (News 1st) – Sri Lanka's Minister of Power & Energy Kanchana Wijesekera on Monday (3) revealed to Parliament that the price of diesel was not reduced during the recent fuel price revision as only a profit of one rupee was being made per liter."When we compare our import prices with the Singapore Average Price we were making a loss of Rs.
30/- per liter of Diesel. However, when we revised the prices there was no loss. We have started making a profit of Rs. 1/- per Liter of Diesel.
However, we cannot drop prices by more than Rs. 10/-. If we do that, we will not have money to purchase fuel for future needs," said the Minister in response to a question posed by SJB Polonnaruwa District MP Kins Nelson.The Minister said CPC was able to reduce the price of Petrol because it was making a profit of Rs.