Profits up with currency fall
Petrol taxed at Rs77 a litre, diesel Rs51 a litre
The minister met a Sinopec team that arrived in the island the previous day to finalise the agreements.
“The misuse of the QR code has also gone down after the amount was increased.”
The purchase is made on long term contract basis.
CPC dealers were briefed on the implementation of a daily automated price revising system from 2024
Petrol, kerosene prices unchanged
Sri Lanka fuel queues still remain as is faces dollar shortage to buy fuel
Earlier, only one vehicle was allowed to be registered under one business registration number.
On July 27, 158,208 users have pumped fuel through the system
Prospective firms will have to find their own dollars
Sri Lanka's fuel bill for 2022 is estimated at 6.7 billion US dollar up from 2.7 billion US dollars
Sri Lanka is struggling to find dollars to import fuel
People have mostly accused of three wheel drivers of hoarding fuel
Fuel hoarding has resulted in long queues in Sri Lanka amid shortage due to lack of dollars
The minister has yet to reveal how much fuel each vehicle will be allowed to pump.
Fuel to be issued using the new pass system from July 21
Fuel Pass comes after data showed that there is an increasing trend of hoarding
A diesel and petrol shipment to arrive between July 15-19
Power cuts of 1 hour 40 min in the daytime and 1 hour 20 mins in the night
One trillion rupee hole in the CPC balance sheet
"It started off well but we received many complaints on all the fronts."
Fuel will be issued on a daily or weekly basis from the 12th
a 40,000 metric tonne diesel shipment worth $66.5mln from a UAE-based was due between 8-9 July
From July 12, companies that have the ability to pay for fuel in dollar can open consumer ACC at CPC