Lankapage Logo Recent Top Stories
CP 14 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 raises fuel prices, LIOC follows
Sat, Feb 23, 2013, 08:37 am SL Time, ColomboPage News Desk, Sri Lanka.

Feb 23, Colombo: Sri Lanka's state-owned petroleum authority, Ceylon Petroleum Corporation has raised fuel prices with effect from today.

The price of 90-octane petrol, 95-octane petrol and Super Diesel has been increased by Rs. 3 while Auto Diesel price has been increased by Rs.6 per liter effective midnight Friday (22).

Accordingly, the price of a liter of 90-octane will be Rs. 162 and 95-octane Rs.170. A liter of Diesel will cost Rs.121 and Super Diesel Rs. 145 from today.

The price of kerosene has been increased from Rs.111 to Rs.115, the CPC said.

The CPC recently said, due to providing fuel at subsidized prices and to the delay in payment by state institutions for fuel supplied, the authority incurred losses of approximately Rs. 95 billion last year despite hiking fuel prices several times.

The fuel authority says it incurs losses amounting to Rs. 16 on the sale of a liter of diesel and Rs. 26 on kerosene while the loss Rs. 40 is incurred on a liter of crude oil.

The private fuel supplier, Lanka Indian Oil Company (LIOC) announced that it has also increased the price of petrol by Rs.3 effective midnight yesterday.



ColomboPage - Recent 10 Stories
Sri Lanka Army to open third wellness resort for handicapped soldiers in Kurunegala
-- [0 minutes ago]
Prime Minister to table a bill in parliament on the conduct of Sri Lanka's Buddhist monks
-- [15 minutes ago]
Sri Lanka's Speaker asked to hold formal inquiry into the attack on main opposition MPs
-- [34 minutes ago]
High-powered Pakistan defense delegation to visit Sri Lanka
-- [43 minutes ago]
Sri Lanka seeks assistance from diplomatic community to nab overseas LTTE leaders
-- [1 hour and 11 minutes ago]
No room for any injustice to any community in Sri Lanka, President assures
-- [2 hours ago]
Presidential Commission probing disappearances in Sri Lanka receives complaints on ruling party Tamil politicians
-- [2 hours ago]
Sri Lankan government considers a limit on duration of visa for foreign journalists
-- [3 hours ago]
CEO of extremist Buddhist organization in Sri Lanka writes to President over threats to his life
Attacked opposition MPs of Sri Lanka ponder legal action

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.