Government raises fuel prices for June – Roya News English

Government raises fuel prices for June – Roya News English

The Oil Derivatives Pricing Committee at the Ministry of Energy and Mineral Resources held its monthly meeting on Tuesday to determine the local selling prices of oil derivatives for the month of June.

From April to May, prices were raised by 35 fils. 

However, under the direction of the government and in line with the policy of gradual lifting of subsidies on the prices of oil derivatives, the Derivatives Pricing Committee decided to raise the prices of gasoline (octane 95) for the month of June by 60 fils/liter, in order to implement the pricing mechanism approved in accordance with the petroleum derivatives pricing equation.