Increase of Petrol Prices by 15 fils from Wednesday

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The Petroleum Production Distribution companies in the country have decided to raise the prices of gasoline by 15 fils at various fuel stations nationwide as from next Wednesday.

They added that the prices will be liberalised and increased gradually.

The companies said in a statement Wednesday that hiking of gasoline prices by a small percentage is part of efforts to gradually reduce the accumulated and increasing losses underwent by companies, resulting from continuous high cost of the product.

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