Discussion on revision of fuel prices at cabinet meeting today
The Cabinet of Ministers is scheduled to hold discussions on the revision of fuel prices today (10), the Finance Ministry…
Tag: CPC
CPC says SriLankan, CEB owes Rs. 70 billion for fuel supplies
Sri Lanka’s state-owned enterprises, national carrier SriLankan Airlines and power supplier Ceylon Electricity Board (CEB) owes the state-run fuel suppler…
New grade of petrol to be introduced
Petroleum and Renewable Energy Minister Arjuna Ranatunga said his ministry was set to introduce a lower grade of petrol targeting…
Private fuel bowser owners in Sri Lanka threaten strike action demanding increase in fees
Private bowser owners in Sri Lanka who transport fuel for the Ceylon Petroleum Corporation (CPC) have threatened union action demanding…
New fuel price formula to the cabinet today
The price formula prepared for raising fuel prices will be presented to the Cabinet meeting today, the Finance Ministry said.…
Petroleum Minister to stop fuel mafia
Sri Lanka’s Petroleum Resources Development Minister Arjuna Ranatunga says that for various reasons several fuel stations were sealed in the…
Cost reflective pricing formula for fuel, electricity this year: CB Governor
Sri Lanka’s Central Bank Governor Indrajit Coomaraswamy says the government will introduce a cost reflective pricing formula for both fuel…
CPC bans bulk sale of Lanka Kerosene
The Ceylon Petroleum Corporation (CPC) has banned bulk sales of Lanka kerosene oil since some dealers are exploiting the subsidized…
IMF says economy normalising but reforms essential
Recommends fiscal consolidation and tightening monetary policy 2018 growth predicted at 4.6% below CB projections Further delays in SOE reform, bad…
Petroleum Minister says no fuel shortage, complaint lodged at CID to investigate false rumors
Petroleum Resources Development Minister Arjuna Ranatunga assured that there is no shortage of petrol and the Ceylon Petroleum Corporation (CPC)…