Petroleum

Arbitrage

June 10, 2008 (LBO) – Laugfs Auto Gas, a Sri Lankan gas distributor that started conversion of vehicles to run on auto gas, said that it was timely for …

Sliding Up

June 06, 2008 (LBO) – Chevron Lubricants Lanka has raised prices of its products following sharp increases in the prices of crude and base oil, a senior …

Oil Block

June 5, 2008 (LBO) – Cairn India Limited, a unit of Cairn Energy plc of the UK, has won an offshore exploration block in Sri Lanka’s Mannar basin …

Well Well

SINGAPORE, June 3, 2008 (AFP) – Oil prices eased in Asian trade Tuesday on continuing concerns over global energy demand, dealers said. “On the …

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 …