Govt. says fuel price relief provided despite IMF cost-recovery advice
Srilanka, Oct. 6 -- The government has provided significant relief to consumers despite advice from the International Monetary Fund (IMF) to adjust domestic fuel prices in line with rising global prices amid the conflict in the Middle East, according to Cabinet Spokesman Minister Dr. Nalinda Jayatissa.
Speaking at the weekly Cabinet media briefing today (6), Minister Jayatissa said the IMF had previously advised the government to align the costs of essential services, including electricity, water and fuel, with their actual costs.
However, he said the government had not passed the full burden of rising costs on to the public.
"The IMF has been advising us to adjust costs for services such as electricity, water and fuel. While...
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