The disclosure comes in the wake of a recent price revision in fuel rates, effective from 1 September.

Taking to ‘X’ Minister Wijesekera emphasised that the maximum profit margin allowable for any fuel supplier stands at 4% per litre, as stipulated in the fuel price formula adopted by the Government

One of the main aspects addressed in tabling the breakdown was setting the maximum retail price for fuel; a responsibility overseen by the Power and Energy Ministry monthly..