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* Lanka IOC also increases fuel prices
Fri, Jul 6, 2018, 11:46 am SL Time, ColomboPage News Desk, Sri Lanka.

July 06, Colombo: Following the increase of prices by the state-run fuel supplier Ceylon Petroleum Corporation, its competitor Lanka Indian Oil Company, the Indian Oil Company's subsidiary in Sri Lanka has also increased its fuel prices from Friday (July 06).

Accordingly, price of 92 Octane petrol was increased by Rs 9 a liter and the new price is Rs.146 per liter. Price of Extra Premium 95 (EURO 4) Petrol increased to Rs 158 while Extra Premium (EURO 3) Petrol increased to Rs. 149.

Price Auto Diesel increased to Rs 118 per liter, Diesel Xtra Mile to Rs 122 and Super Diesel (EURO 4) to Rs 129 per liter.

Ceylon Petroleum Corporation also increased fuel prices from today, the Finance Ministry said.

Accordingly, price of a liter of 92 Octane petrol increased to Rs. 145, while liter of Octane 95 petrol increased to Rs. 155.

The price of diesel has been increased to Rs 118 per liter and super diesel increased to Rs. 129.

Sri Lanka recently introduced a special fuel pricing formula in par with the oil prices in the World Market as the government is heavily burdened with the rising cost of importing fuel.

 

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