He was speaking on the sidelines of a press briefing given by President Maithripala Sirisena in Colombo.
The President earlier said that ever since the pricing formula was introduced, fuel prices have been rising. This has caused hardship to the public and particularly the operators of public transport, he said.
He said, the Government had discussed whether to continue......with the formula or change the policy.
The President said the Government hopes to bring in measures in the upcoming Budget to help people overcome difficulties caused by fuel price hikes.