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 in […]
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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. Cash-strapped […]
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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 diesel […]
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