Premajayantha has told the media that the global fuel price hike that has been triggered due to civil unrest in Libya would not have an impact on local fuel prices for the time being.
According to Premajayantha, the country has a month's stock of fuel and has already placed orders for another half a month.
He has explained that since these purchase shave been made on the previous prices, there would not be an impact on local fuel prices yet.
The Minister has pointed out that the global fuel prices always increased whenever there was turmoil in the Middle Eastern region.
The price of a barrel of diesel has now risen to US$ 121.
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