Lanka India expects to increase the price of petrol by Rs. 20 per liter and diesel by Rs. 30 per liter.
The company's managing director said the government had sought approval to increase fuel prices in the face of the current situation.
He added that the increase was due to the rise in crude oil prices in the world market.
Meanwhile, the Ceylon Petroleum Corporation states that the government has informed that it has no intention of increasing fuel prices.