20 and Rs.40 per ltr, on the sale of petrol and diesel, respectively, Lanka IOC strategy was clear. The official stressed that urgent revision of fuel prices was a dire necessity as the overall financial situation remained precarious. Lanka IOC refrained from revising the prices of Lanka Super Diesel and LP 95. Responding to The Island queries, Gupta said that Lanka IOC didn’t require GoSL approval to revise fuel prices. Asked to explain the Indian offer, Minister Gammanpila said that USD 500 overdraft could be obtained with 4 percent interest payable in one year.

Source: The Nation October 23, 2021 07:11 UTC