CEYPETCO proposes price hike again!

Date:

The Ceylon Petroleum Corporation (CEYPETCO) in a second raw has proposed the government to surge the prices of fuel in consideration of the soaring crude oil price in the global market.

Accordingly, the said proposal has been given to Udaya Gammanpila the Subject Minister.

Pointing out the dire need of soaring the fuel prices due to the global prices, the CEYPETCO revealed that it incurs a loss of about Rs. 50 per litre of diesel and about Rs. 15 per litre of petrol.

Following the price hike by the Lanka IOC on February 06, demand has increased in the CEYPETCO sheds.

Despite the request, no feedback was received from the side of the Ministry to date, it added.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Sri Lanka Targets Pharmaceutical Exports amid Industry Growth

In a renewed push to expand its export base,...

South Asia’s Premier Fight League Heads to Colombo, Boosting Sports Tourism

Sri Lanka is set to become the regional hotspot...

Bold Reforms Critical to Sustain Sri Lanka’s Economic Recovery, New Report Warns

Sri Lanka must act urgently to implement bold economic...

UK Duty Relief Offers Respite from US Tariffs on Lankan Apparel Sector

Sri Lanka’s apparel sector has received a significant boost...