The Cabinet has decided not to increase fuel prices at this time.
It is reported that this decision was taken at a Cabinet meeting chaired by President Gotabhaya Rajapaksa at the Presidential Secretariat last night.
The Minister of Energy Udaya Gammanpila stated at a media briefing yesterday that the Ceylon Petroleum Corporation is incurring heavy losses due to the increase in fuel prices in the world market and the appreciation of the dollar.
He said that this issue will be presented to the Cabinet.
Accordingly, he has presented facts regarding fuel prices before the Cabinet yesterday.
Speaking at the event, the President has stated that there should be no increase in fuel prices at this time.
The President has stated that the government should take steps to bear the burden without burdening the people.
Meanwhile, President of the Lanka Private Bus Owners' Association Gemunu Wijeratne stated that bus fares should also be increased if fuel prices are increased again.
However, State Minister of Transport Dilum Amunugama stated in Kandy yesterday that if the fuel price is increased, the government should bear the loss or take action not to increase the bus fare. In addition, political sources said that there was a lengthy discussion on reopening schools that have been closed due to the Corona crisis.