Business

Freight container transportation charges up by 35%

The All-Island United Container Transport Owners’ Association stated that freight container transportation charges will be increased by 35%. 

The Association said that charges would be hiked with effect from today (25) onwards, in view of the fuel price hike announced yesterday. 

The Ceylon Petroleum Corporation (CPC) announced that it had increased fuel prices from 3 a.m. yesterday. 

Accordingly, the price of Octane-92 petrol was increased by Rs. 82 per litre, while Octane 95 petrol was increased by Rs. 77 per litre. 

Meanwhile, the price of Auto Diesel was increased by Rs. 111 per litre and Super Diesel by Rs. 116 per litre. 

Accordingly, the new CPC fuel prices (per litre) are as follows:

Octane 92 Petrol – Rs. 420

Octane 95 Petrol – Rs. 450

Auto Diesel – Rs. 400

Super Diesel – Rs. 445 

Taking to his official Twitter handle, Minister of Power and Energy Kanchana Wijesekara said the fuel pricing formula, approved by the Cabinet of Ministers, was applied to revise the prices. 

According to the lawmaker, the price revision includes all costs incurred in importing, unloading, and distributing fuel to filling stations and taxes. However, profits were not calculated and included, he added. 

Minister Wijesekara noted that the fuel pricing formula will be applied every fortnight or monthly to revise the prices.