Prices of all other fuel were kept unchanged
The proposal that was presented was for an automatic cost reflective tariff mechanism
It is after nine years that the prices were revised
“As our president put it, when the elephants fight, it’s the grass that gets trampled."
Admin measures usually could include rate ceilings
Amid currency collapse
Both diesel and kerosene had been sold at a loss before the price hike
A 12.5kg cylinder price will be raised by Rs80 to Rs4,360
"Non placement of orders by dealers anticipating a price reduction has led to fuel stations drying up," Wijesekera said.
Some tanks could also be used for ship bunkers
Fuel price hike, forex-shortage led long fuel queues help boost LIOC's profits
"The government should step in and set a rate, but instead they are making obnoxious statements."
The first phase will commence in the Western province, the PMD said.
"There will be no independent regulation if the sector is overseen by a committee under the Minister."
About 1500MW could be added over 2 years,
We will give our storage facilities and pipelines for a fee.
Sri Lanka's state-run Ceylon Petroleum Corporation has a habit of getting oil on credit and paying later
The move could allow investors to enter into petroleum products
"But the recruitment process must change."
"We have given permission to provincial offices to identify [commercial] threewheeler taxis in their respective area."
Auto Diesel is reduced by 15 rupees per and the new price is 415 per liter.
The minister said enough fuel stock is available with the state-run Ceylon Petroleum Corporation (CPC)
CPC trade unions oppose the move citing that the government is privatizing the state-run firm
"We have obligations to meet for our families and five litres is not doing us any good. It’s simply not enough"
Petrol is the cheapest fuel to import. Kerosene is usually the most expensive.