Sri Lanka, March 10 -- The government should utilize the funds in the treasury to provide concessions to the general public instead of increasing fuel prices in line with global developments, the Chairman of the Committee on Public Finance (CoPF), Member of Parliament Harsha de Silva stated.

MP de Silva is of the view that the government has adequate buffer stocks in the treasury to absorb the temporary shocks due to the ongoing conflict in the Middle East.

Speaking on the Derana '360deg' programme, Parliamentarian Harsha de Silva noted that there are several tools that can be used to prevent an increase in fuel prices.

He stated approximately Rs. 118 is charged in taxes for a litre of fuel while after the addition of logistical and ot...