Ceylon Petroleum Corporation

Sri Lanka clears global oil giants’ entry into retail fuel market

March 27, 2023March 27, 2023cpooldigitalLeave a Comment

[ad_1] The move is aimed at diversifying Sri Lanka’s retail fuel market that is currently a duopoly, with the state-owned CPC and Indian Oil Corporation subsidiary Lanka IOC, which controls a third of the market | Photo Credit: Reuters Sri Lanka on March 27 decided to award licences to three global oil companies to operate […]

Cash-strapped Sri Lanka gets Russian oil to ease shortages

May 28, 2022May 28, 2022cpooldigitalLeave a Comment

[ad_1] The island nation is suffering its worst economic meltdown since independence, with shortages of fuel and other vital goods making life miserable for its 22 million people. The island nation is suffering its worst economic meltdown since independence, with shortages of fuel and other vital goods making life miserable for its 22 million people. […]

Sri Lanka hikes fuel prices; petrol at all-time high of Rs. 420, diesel Rs. 400 per litre

May 24, 2022May 24, 2022cpooldigitalLeave a Comment

[ad_1] The decision to raise the Octane 92 petrol price by 24.3% or 82 Sri Lankan rupees and diesel by 38.4% or 111 Sri Lankan rupees per litre was taken by the state fuel entity, Ceylon Petroleum Corporation The decision to raise the Octane 92 petrol price by 24.3% or 82 Sri Lankan rupees and […]