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 Lanka petroleum authority to increase price of furnace oil
Sun, Dec 30, 2012, 01:25 am SL Time, ColomboPage News Desk, Sri Lanka.

Dec 29, Colombo: Sri Lanka's petroleum authority, the Ceylon Petroleum Corporation (CPC) has decided to increase the price of Furnace oil effective from December 31.

According to sources a liter of furnace oil would be increased by Rs. 25.

Furnace oil is imported for the purpose of thermal power generation by the Ceylon Electricity Board.

The CPC says it incurs losses of Rs. 4.2 billion per month from providing furnace oil at concessionary price to CEB and several private sector power suppliers.

The CEB's requirement for furnace oil had recently declined due to the increase in hydropower generation in the country following the heavy rains.



ColomboPage - Recent 10 Stories
Extremist Sri Lankan Buddhist organization has no plans to topple the government
Sri Lanka's private sector retirement fund earned over Rs. 550 billion in last five years - Central Bank
Disciplinary inquiry against Sri Lanka's star cricket players over retirement remarks
Coastal line train services disrupted in Sri Lanka as protesting workers block trains
Sri Lanka has achieved a lot, Korean envoy tells President
US Ambassador celebrates Earth Day with Sri Lankan Girl Guides
Sri Lanka national coach resigns to take up appointment with ECB
Sri Lanka takes measures to increase forest cover
Sri Lanka police ban passenger transport on hand tractor trailers
Sri Lanka maintains policy rates, current monetary policy appropriate

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.