The government is to release Rs.80 billion to pay off the loan which the Ceylon Electricity Board (CEB) had obtained to procure fuel from the Ceylon Petroleum Corporation (CPC) for power generation.
Environment Minister Mahinda Amaraweera told the said Rs.80 billion is to be released from the treasury.
Although there was a fluctuation in fuel prices this time, it has been decided not to increase prices of fuel considering the hardships faced by the general public.
"Although the price of crude oil has hit the highest point in recent times in the world market, the government has decided to keep fuel prices stable locally, "he added. (Daily Mirror)