Sri Lanka, Nov. 6 -- Sri Lanka's November fuel price increases have failed to bring pump prices in line with cost-recovery levels, with both diesel and Petrol 92 continuing to be sold below the prices required under the pricing formula, Verite Research said.

According to Verite Research, the gap between the market price and the cost-recovery price for auto diesel has narrowed to Rs. 62 per litre following the November price revision.

This was due to an increase in the market price of diesel and a slight decline in its formula-based price.

However, the shortfall for Petrol 92 has widened to Rs. 57 per litre, as the formula-based price increased at a faster rate than the pump price.

Verite Research also pointed out that the diesel pric...