The Ministry of Finance announced that fuel prices had been reduced with effect from midnight yesterday.

Accordingly, Petrol (Octane 92) per litre  has been reduced by Rs. 1, the revised price will be Rs. 137; Petrol (Octane 95) will be sold at Rs. 161, decreased by Rs. 2 per litre. One litre of Super Diesel will be sold by Rs. 2 and the new price will be Rs. 132.

However, there was no price revision on Auto Diesel which remains at Rs. 104.

Meanwhile, currently the world market is observing a tidal rise in fuel prices. Hence, a barrel of crude oil was priced at US $ 62.67 in the world market yesterday (10).

Meanwhile, a barrel of petrol in the Singapore market was priced at US $66.50 while a barrel of diesel was priced at US $ 73.63 on Monday (9).

Last month, on August 9 a barrel of petrol in the Singapore market was priced at US $ 64.85 while a barrel of diesel was priced at US $ 70.46.