Petroleum

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New Blend

July 17 (LBO) – The government has agreed to amend lubricant tariffs, narrowing the gap between lube imports and raw materials like base oil, to spur …

Slow Down

VIENNA, July 17, 2006 (AFP) - Developments in the oil industry should help cool crude prices in 2007 but the market will remain vulnerable to geopolitical …

New Lease

July 13, 2006 (LBO) - Ceylon Petroleum Corporation has temporarily shelved plans to get back into the gas business, extending a five year agreement with Laugfs …

Quick Sand

July 9, 2006 (LBO) – Sri Lanka will continue to subsidise retail fuel prices in the absence of a new pricing formula, as Colombo threatened to takeover …

Oil Conundrum

July 9, 2006 (LBO) - Sri Lanka's main opposition charged that weak economic management was the cause of galloping inflation in the country and not oil prices. …

Slow Trot

June 10, 2006 (LBO) – Sri Lanka raise fuel prices from midnight Saturday after a two-month lag to offset a surge in global oil prices, a top official …

Olive Branch

June 9, 2006 (LBO) -- Sri Lanka plans to repay millions of dollars due to the troubled fuel retailer Lanka IOC, in cash and bonds to meet immediate purchases …

Oil Strikes

NEW DELHI, June 6, 2006 (AFP) - A sharp hike in Indian fuel prices sparked uproar against the government Tuesday as both its communist allies and the main …

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