Minister Vasudeva Nanayakkara has said that with the current increasing international crude oil prices, the best way to manage the situation is by reducing petroleum usage by all possible means.
The minister said that if fuel prices are increased inline with the market prices, low income owners will be severely impacted.
Therefore the minister suggested to control the fuel usage by supplying fuel for essential usage and implementing a methodology to restrict excessive usage by high fuel consumers by charging more
He said that by doing so, the government can expect to reduce international fuel purchases and therefore conserve foreign reserves. (NewsWire)