Petroleum

State Fat

June 01, 2008 (LBO) – Sri Lanka needs to market price energy and consumers are now not only paying for the rise in international prices, but also for the …

Unilateral

May 27, 2008 (LBO) – Lanka IOC, the Sri Lanka unit of the Indian Oil Corporation is raising diesel prices by 20 rupees a litre from midnight Tuesday, the …

Steep Rise

May 24, 2008 (LBO) – After dragging their feet for months Sri Lanka’s state-run Ceylon Petroleum Corporation (CPC) jacked up diesel prices by an …

Fuel Mix

May 22, 2008 (LBO) – Indian Oil Corporation’s Sri Lanka unit raised diesel retail prices by 20 rupees to 100 rupees a litre putting pressure on the …

Black Gold

May 10, 2008 (LBO) – Sri Lanka is to award its first offshore oil exploration contract before the end of May, petroleum minister A H M Fowzie said. The …

Serendipity

May 09, 2008 (LBO) – Sri Lanka is to start searching for oil onshore after the accidental discovery of gas seeping from the ground, government officials …

On Hold

May 09, 2008 (LBO) – Sri Lanka is keeping retail fuel prices at current levels despite crude oil prices soaring to new highs and mounting losses at the …

Oil Deal

April 04, 2008 (LBO) –Sri Lanka is seeking to renew its long-term crude oil supply contract with Iran and wrap up financing to expand its refinery during …

No Hike

March 13, 2008 (LBO) – Sri Lanka’s petroleum utility will not raise retail fuel prices at least until the traditional April Sinhala and Hindu New …

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