President Anura Kumara Dissanayake announced Yesterday(Sep. 27) that the Government will set aside Rs. 41 billion to fund a fuel subsidy over the coming three months.
Addressing a public rally in Gampaha, the President said a Cabinet paper seeking approval for the allocation will be submitted to the Cabinet of Ministers today(Sep. 28).
The fuel price concessions are expected to be provided during October, November and December.
The President also pointed out that the Government had earlier allocated Rs. 100 billion to provide relief after fuel prices rose as a result of the conflict in the Middle East.