Lanka IOC reduces price of Petrol 92 Octane by Rs.5 per litre from midnight today.
New price will be Rs.137 per litre par with CPC Petrol Price.
Lanka IOC earlier this week decided to roll back the reduction of Rs. 5/litre on the price of petrol (LP92) which was made on 6 April.
The ruling party SLPP called on its voters to boycott Lanka Indian Oil Company (LIOC) fuel stations, as a first measure against the latter decision to increase fuel prices.
Former United Peoples Freedom Alliance Parliamentarian, Dilan Perera, addressing the SLPP media briefing Tuesday said that if the LIOC was adamant on increasing prices despite a drop on global oil prices, the governments first step to control this would be to call on the voters to avoid LIOC fuel shed.
He said that the UNP Government was to blame for allowing the LIOC to be established as a private entity and that requesting the people to only use Ceylon Petroleum corporation fuel outlets while shunning LIOC was the first step in the government taking back control of fuel prices in Sri Lanka.