Lanka IOC has requested permission from government to introduce a fuel price hike after the diesel production tax was increased.

The company says the increase of the diesel production tax from Rs 3 to Rs 13 has increased their production cost by 56 percent.

The company also claims that it has affected the production of petrol as well.

It is reported that Lanka IOC has requested for a meeting with Minister of Petroleum and Petroleum Gas Chandima Weerakkody.