Bus fares in Sri Lanka up from yesterday midnight
Sri Lanka’s cabinet of ministers has approved a 12.5 percent increase in bus fares from midnight yesterday. “Upon the Cabinet…
Tag: Ceylon Petroleum Corporation
Fuel prices will be reduced when world prices drop – PM
Fuel prices had to be increased because the price of a barrel of oil had increased by 41 dollars since…
Lanka IOC also increases fuel prices
Following the increase of prices by the state-run fuel supplier Ceylon Petroleum Corporation, its competitor Lanka Indian Oil Company, the…
Sri Lanka utility regulator to address issues in lubricant industry
The Public Utilities Commission of Sri Lanka (PUCSL), shadow regulator of the lubricant industry is to prepare regulatory tools addressing…
“Price formula for fuel yet to be introduced”
The Ministry of Petroleum Resources Development says the government has not taken a policy decision to introduce a price formula…
Sri Lanka’s economic growth will bounce back in 2018 – Central Bank
Sri Lanka’s economic growth in 2018 will bounce back between 5 to 5.5% from a less than 4% growth in…
Reports on substandard Jet fuel shipment is an attempt to mislead people, Petroleum Ministry says
The reports that the Indian Oil Company (IOC) imported a stock of substandard aviation fuel into the country are false…
EXPOSED: Racket of mixing substandard oil with furnace oil
The raid unit of Ceylon Petroleum Storage Terminals Limited successfully exposed a racket where substandard oil is being sold instead…
Petrol crisis update: Cabinet sub-committee commences gathering of information
The cabinet sub-committee, appointed by President Maithripala Sirisena, to investigate into the petrol crisis, has commenced the gathering of information.…
Sri Lanka PM doesn’t agree LIOC responsible for fuel crisis, says two oil shipments arriving within two days
Sri Lanka Prime Minister Ranil Wickremesinghe said he doesn’t agree that Lanka IOC is responsible for the current fuel shortage…