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
Sri Lankan government vehemently rejects media reports of pre conditions to GSP+
-- [1 hour and 23 minutes ago]
Sri Lanka urges APTA member states to expand trade, investment and economic integration
-- [1 hour and 41 minutes ago]
John Keells Holdings files its first patent related to novel energy storage material
-- [3 hours ago]
Tamil Tiger fundraiser losses battle to stay in Canada as federal court upholds deportation order
-- [3 hours ago]
Sri Lankan national arrested in India for entering illegally
-- [5 hours ago]
Sri Lanka Navy arrests two with 45 kilograms of Kerala cannabis
Namal Rajapaksa pleads not guilty to contempt of Court charges
Local government elections cannot be held before May - Election Commissioner
Construction of 100 houses for landslide victims in Aranayake begin with Chinese aid
Coca Cola interested in setting up a production plant in Sri Lanka

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.