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Ceylon Tea, Sri Lanka Tea

Sri Lanka tea to Iran instead of fuel deficit

The Ministry of Plantation Industries states that Sri Lanka’s tea export program will begin shortly pay to arrears due to Iran for fuel. The Ceylon Petroleum Corporation and the Sri Lanka Tea Board will also join in the discussion. The Sri Lanka Tea Board will pay for the export of US $ 250 million worth …

Petrol Octane 92

CPC Refinery report reveals substandard petrol instead of Octane 92

The National Movement to protect consumer’s rights states that it has been revealed that 92 Octane petrol only contains 90.5 Octane. Following a complaint received at the Consumer affairs authority, a 92 Octane sample was checked at the Ceylon Petroleum Corporation refinery. Subsequently it was revealed that the real composition is 90.5 Octate. Aththa Withthi …

Bus fares, Private bus unions, Minimum Bus Fare To Rs. 12, Bus fare increase, Bus fare revision

Bus fare revision in the offing

Private bus associations say that a reduction in bus fares is expected to be carried out following the slashing of fuel prices. President of the Lanka Private Bus Owners’ Association (LPBOA) Gemunu Wijeratne said that they intend to hold discussions with the Finance Minister on Monday (24) regarding the matter. Meanwhile the Secretary of the …

Fuel prices

New fuel prices to be announced today?

The new fuel prices according to the newly introduced fuel price formula will be made known today. The Cabinet-approved fuel price formulation committee convened yesterday to discuss the fuel price revisions. The committee deliberated several domestic and international factors including crude prices in the world market. Meanwhile Deputy Minister of Petroleum Industries Anoma Gamage says …

Ceylon Petroleum Corporation - CPC

No fuel shortage, don’t panic: CPC

The Ceylon Petroleum Corporation (CPC) yesterday assured motorists that the filling stations countrywide have been provided with sufficient stocks of fuel. CPC Managing Director Neil Jayasekara said all fuel station owners had been instructed to release the quantity of fuel as requested by motorists. “If any filling station refuses to pump fuel, consumers can complain …

Fuel Pricing Formula

Fuel Pricing Formula To Be Continued

State Minister of National Policies and Economic Affairs Dr. Harsha de Silva says that the fuel pricing formula will continue to be in place. Although the Finance Ministry said that fuel prices were increased with effect from midnight day before yesterday, based on the pricing formula, the Ceylon Petroleum Corporation took steps to sell fuel …

Anura Kumara Dissanayake

Anura Kumara Reveals President’S Directive Of Fuel Price Revision

The leader of the Janatha Vimukthi Peramuna, Anura Kumara Dissanayake says that President Maithripala Sirisena has informed the Ceylon Petroleum Corporation to reduce fuel prices. He told this in Parliament. The Finance Ministry upwardly revised the fuel prices with effect from midnight yesterday (Jul 05). Accordingly, Lanka IOC also increased the fuel prices. Srl Lanka …

Fuel prices

Fuel prices to go back down?

Speculation is rife that the government is planning to reduce the fuel prices which were increased just today (6), according to political sources. Ceylon Petroleum Corporation (CPC) had increased fuel prices with effect from midnight yesterday (05) and subsequently Lanka IOC has also increased its fuel prices. However, there are reports that the fuel prices …

Ceylon Petroleum Corporation - CPC

CPC under pressure to raise fuel rates

Sri Lanka’s state-owned Ceylon Petroleum Corp (CPC) is under pressure to raise fuel prices as the refiner incurred huge losses this year, cabinet spokesman Rajitha Senaratne said on Wednesday. The CPC incurred a loss of 9.9 billion rupees ($63.5 million) in the first two months of the year, a government document showed. “It (CPC) is …

Fuel - Petrol - Filling

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 for fuel. Secretary to the Ministry of Petroleum Resources Development Upali Marasinghe however said in the future, the government may introduce a suitable formula to accommodate the constant fluctuation of oil prices in the world …


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