Sri Lanka, Oct. 12 -- The government will take steps to revise agreements signed by previous administrations with private fuel companies, stating that certain provisions restricted the ability to regulate fuel prices and protect consumers, President Anura Kumara Dissanayake says.

Addressing a National People's Power (NPP) public rally in Ibbagamuwa on Sunday (Oct. 11), the President mentioned that existing agreements created difficulties in taking action against private fuel suppliers refusing to sell fuel at prevailing prices.

"Some private companies have fuel stocks at their filling stations, but they refuse to sell unless prices are increased," the President noted.

"We cannot take legal action against them because of the agreements ...