Tag: Fuel Price Hike

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The CPC burden has now fallen on the people because of those who ruled the company for years! – Asela Sampath

Asela Sampath, Chairman of the Public Rights Protection Foundation, says that the Petroleum Corporation has gone bankrupt and the burden has fallen on the people due to the reckless rule of the 'political Appuhamis' who ruled the CPC for a long time.

Foreign reserves have been plummeted. Fuel prices were increased as a solution for that – Dullas (VIDEO)

Cabinet Spokesman, Minister Dullas Alahapperuma says that the country's foreign reserves have plummeted and even the increase in fuel prices was one of the solutions to the rapid decline in foreign reserves.

Dullas says Fuel Price Formula can be useful, admits he mocked Mangala’s original idea

An amount of US$350 – 400 million has to be spent every month on fuel imports leading to the rapid depletion of the country’s foreign reserves, Alahapperuma pointed out.

Bakery Owners Association says it no longer involves in controlling the prices of bakery products

In the on and off surge in the fuel prices and the prices of inputs used for bakery products, it has become difficult to...

Three-wheeler fare goes up

The fares of three wheelers will be increased due to the fuel price hike, revealed the National Union of Three Wheelers and Industrialists.

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Exporters Urged to Prepare for New VAT Refund Regime

With Sri Lanka’s long-running Simplified VAT (SVAT) scheme now...

Economic Recovery Stalls as Policy Reversals Undermine Reform

Sri Lanka’s path to recovery remains woefully unfinished. While...

SL Construction Sector Gains Momentum, but Relief Delay Stalls Broad Recovery

Sri Lanka’s construction industry, long battered by economic turbulence,...

Betting and Gambling Levy Amendment Raises Taxes, Casino Entry Fee

The government has published the Gazette on Betting and Gambling...

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