Fuel Pricing and Economic Policy
1 postsNov 4, 06:00 PM 0 1 0
Government statements on fuel pricing policies and the challenges of selling fuel below landed costs. Discusses economic implications for Sri Lanka amid global market conditions.
"We're selling fuel below cost" is the economic equivalent of saying you're losing money on every sale but making it up in volume—except the volume is a country's entire fuel supply and the math works about as well as you'd expect.
Related posts
Most engaged
NewsWire 🇱🇰 @NewsWireLK18:24
“People keep asking why fuel isn’t being sold at its landed cost. The reality is that we are selling fuel at a price below the landed cost,” Deputy Minister Kaushalya Ariyarathne says that Sri Lanka seems to be acting as though nothing is happening beyond its borders, at a time https://t.co/Klbn8vUS2v