People who rely on kerosene for their cooking needs may now seriously have to consider turning to firewood and we can expect another push for a taxi fare increase with significant increases in kerosene and diesel prices from tomorrow.

The Prices and Income Board (PIB) said the increase is due to the reduction in crude oil supply worldwide.

Motor spirits which costs $2.10 will now cost $2.12 per liter, kerosene prices increase significantly from $1.54 to $1.67, an increase of 13 cents. Diesel also will increase significantly by 13 cents from $1.82 to $1.95 while premix outboard fuel increases by 3 cents from $2.09 to $2.12.

The PIB said that any old stock that is purchased before 27th May will not reflect the increased prices.

The board said retailers, apart from service station operators, who sell premix outboard fuel and kerosene to consumers, are advised that their retail prices will reflect the stock they hold and the allowed profit mark-up that is calculated based on cost.

These prices will differ in other areas due to additional cartage and delivery charges.