Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Price formula for fuel in par with oil prices in World Market
Tue, Apr 17, 2018, 09:20 am SL Time, ColomboPage News Desk, Sri Lanka.

Apr 17, Colombo: Sri Lanka's Treasury has decided to devise a special price formula to the fuel prices in par with the oil prices of World Market as the government is heavily burdened with the rising cost of importing fuel.

The price formula will be simplified with the aim of providing relief to the common masses. The Treasury has taken this decision due to the oil price increase in the world Market.

The Ministry of Petroleum Resources is expected to prepare the price formula within the next 2 weeks.

Once the price formula is devised, it will be submitted to the cabinet for approval.

State-owned Ceylon Petroleum Corporation reportedly incurs a massive loss of Rs. 38 million per day due to the recent price hike by its competitor Lanka IOC.

 

ColomboPage - Recent 10 Stories ::
Car-lorry collision kills six people in Sri Lanka
-- [2 hours ago]
Public Health Inspectors to launch token strike on Monday
-- [2 hours ago]
Police arrest 21 youths with drugs on pilgrimage to Sri Pada
-- [3 hours ago]
Sri Lanka Navy arrests four illegal immigrants attempted to enter the country from northern sea
-- [3 hours ago]
Sri Lanka's oDoc wins Rs. 42 million grant from the GSMA Ecosystem Accelerator Innovation Fund
-- [3 hours ago]
Sri Lanka co-operatives enter national rice supply chain
-- [5 hours ago]
Sri Lanka PM stresses new Constitution will protect unitary status of the country
Finance Ministry and the Central Bank faced a serious financial crisis after October 26 - CB Governor
Central Province Governor apologizes to media for not allowing to cover event
Sri Lanka Central Bank warns of malicious phishing attempt impersonating the bank

Copyright © 2000, 2016 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.