Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lankan minister says fuel prices increased to cover losses
Mon, Dec 17, 2012, 11:43 pm SL Time, ColomboPage News Desk, Sri Lanka.

Dec 17, Colombo: Petroleum Minister of Sri Lanka Susil Premajayantha says the latest increase in petrol prices is aimed at minimizing losses incurred by the Ceylon Petroleum Corporation (CPC).

The CPC increased the price of a liter of petrol by Rs. 10 with effect from midnight Friday and Lanka India Oil Company (LIOC) also increased prices soon after.

Premajayantha has said that the loss incurred by the CPC in the sale of a liter of petrol prior to the price hike was between Rs. 10 and Rs. 12.

He has explained that the CPC incurs losses amounting to Rs 16 on the sale of a liter of diesel and Rs 26 on kerosene.

He has added that a loss of Rs 40 is incurred on a liter of crude oil.

According to Premajayantha, the Ceylon Electricity Board (CEB) was yet to pay dues amounting to several billions to the CPC.



ColomboPage - Recent 10 Stories
Ceylon Chamber to commence third batch of Italian Language Course on May 14
-- [3 hours ago]
Sri Lanka political parties gear up to mark the May Day amid heavy security
-- [3 hours ago]
France, Sri Lanka Navies to form a solid partnership for maritime security in Indian Ocean
-- [4 hours ago]
Colombo Leadership Academy grooms Sri Lanka's next crop of young entrepreneurs
Two UN special rapporteurs arrive in Sri Lanka on a joint visit
Sri Lanka media activists protest demanding fresh probe into journalist's murder
Deputy Minister slams former president for misleading people on VAT
Former Aviation Minister, ex-SriLankan chairman appear before Presidential Commission of Inquiry
French Naval ship arrives at Sri Lankan port on goodwill visit
Sri Lanka, Cuba and El Salvador for trilateral cooperation to curb Chronic Kidney Disease

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.