NPA assures there will be no increase in fuel prices

 

In a statment, the Authority said this is as a result of a marginal drop of fuel prices on the world market. The Exchange Rate has also remained relatively stable.

 

Additionally, in line with a directive from the Ministry of Energy, the Authority has activated the price stabilization mechanism to avoid any upward adjustment in prices.  

 

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The Authority has therefore adjusted the PRICE STABILIZATION and RECOVERY LEVY (PSRL) on Diesel and LPG. This adjustment will not result in any price increment.

 

The Authority assures the general public that it will be monitoring the prices to ensure consumers benefit from government’s decision to use the PSRL to manage variations at the pumps.