The Ceylon Petroleum Corporation (CPC) will reinstate its 2018 policy of paying commission to Corporation Owned (CoDo) and Dealer Owned (DoDo) dealers only on cap prices of Rs. 162 per litre on Petrol 92 with immediate effect.
Russia has pledged to further develop traditionally friendly relations with Sri Lanka while fostering constructive bilateral cooperation in various spheres for the benefit of peoples of the two countries.
Sri Lanka has asked China to help with trade, investment and tourism to help it grow sustainably, Colombo’s envoy to Beijing said on Monday as it negotiates for an emergency $4 billion package to help it emerge from an economic meltdown.
The Energy Ministry has decided to dispense limited volumes of fuel in the next 12 months from Ceypetco filling stations to vehicles but it will be starting QR code system with effect from August 1st
Highly respected eminent economist and former Central Bank Governor Dr. Indrajit Coomaraswamy has said the economic recovery will require painful treatment whilst expressing hopes that President Ranil Wickremesinghe would take all the tough decisions to avoid the disastrous situation.