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
PM calls for the upgrade of quality of higher education in universities
Sri Lanka's third quarter GDP expands at 3.3 percent in 2017
Three Sri Lankan fishing trawlers released from Indian custody
Malaysian PM to begin visit to Sri Lanka tomorrow
European Union welcomes Sri Lanka acceding to Anti-Personnel Mine Ban Treaty
ADB grants Sri Lanka US$ 270 Mn to implement two development projects
Prime Minister visits Thomas De La Rue Lanka currency printing facility at the Biyagama EPZ
UN rights experts urge Sri Lanka to urgently implement reforms to end arbitrary detention
Court extends interim injunction on taking legal action against Gotabhaya Rajapaksa till Jan 25
Sri Lanka Central Bank not to accept willfully mutilated, altered or defaced currency notes from 31 Dec

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.