Dire Straits
May 23, 2006 (LBO) – Cash strapped retail fuel supplier Lanka IOC has put a break on future imports, citing an unpaid 7.44 billion rupee subsidy payment …
Petroleum
Sinking Further
May 17 (LBO) – Petroleum retailer Lanka IOC, Friday reported a 7.1 billion rupee loss for the year ended March 31, as the Sri Lankan government fail to …
Quantum Leap
May 17, 2006 (LBO) – Runaway global oil prices is expected to cost Sri Lanka 2,250 million dollars this year, the government said Wednesday, in a broad …
Lame Excuse
May 16 (LBO) – A top economist tells Sri Lanka not to delay petroleum pricing reforms by taking cover behind potential oil reserves. Sri Lanka is a net …
New Wing
May 11 (LBO) – The government has given state oil giant Ceylon Petroleum Corporation the go ahead for a feasibility study to double capacity at its …
Breaking Ground
May 11 (LBO) – Sri Lanka began construction of it first coal power plant on Thursday in Norachcholai on the island's West Coast, amidst protests by …
New Deal
May 08 (LBO) – The Power Ministry said Monday that it would pump in funds to upgrade 100 state held fuel sheds, left over from privatising Sri Lanka's …
Going Upstream
May 2 (LBO) – Sri Lanka is setting up an upstream oil company as the country gets ready to auction several off-shore oil exploration blocks, Petroleum …
Iranian Shadow
LONDON, Apr. 28 (AFP) - World oil prices eased Friday on receding worries over US motor oil supplies but held above 70 dollars per barrel on rising tensions …
Cruising Along
Apr.26 (LBO) – Lanka IOC, a unit of Fortune 500 Indian Oil Corportaion, is confident of maintaining uninterrupted supplies from their tank farm in …
Jackpot
PARIS, Apr.24 (AFP) - While governments and consumers weep over the rise and rise of fuel prices, oil companies are rubbing their hands in glee. Last year the …
Easing Up
SINGAPORE, April 21, 2006 (AFP) - Oil prices were lower in Asian trade Friday on profit-taking after recent sustained gains to record highs amid concerns over …
High Octane
LONDON, April 20, 2006 (AFP) - World oil prices reached new historic peaks on Thursday, above 74.0 dollars in London and 72.0 dollars in New York, owing to …
Heavy Cross
MADRID, Apr. 20 (AFP) - Consumers should carry the burden of higher oil prices, International Monetary Fund (IMF) chief Rodrigo Rato said in an interview …
Oil For Poor
TEHRAN, Iran, Apr.19 (AFP) - Iran's President Mahmoud Ahmadinejad has called on oil producers, in particular fellow OPEC members, to sell a part of their crude …
Historic Highs
LONDON, Apr.18 (AFP) - World oil prices hit record peaks on Tuesday above 72. online pharmacy buy diflucan with best prices today in the USA 0 dollars in …
Sri Lanka raises retail fuel prices from midnight
Apr.15 (LBO) – Sri Lanka hikes fuel prices by Rs.8.00 from midnight Saturday after a 10-month lag as world crude oil prices raced to US$ 70 per barrel. …
New Year Gift
Apr.15 (LBO) – Sri Lanka hikes fuel prices by Rs.8.00 from midnight Saturday after a 10-month lag as world crude oil prices raced to US$ 70 per barrel. …
Returning Sense
Apr.11 (LBO) - Sri Lanka's finance ministry says fuel subsidies are placing an unsustainable burden on the exchequer; in a move analysts expect to be a …
Adding Layers
Apr.06 (LBO) – Sri Lanka has sought a US$500 million loan from Saudi Arabia to double its oil refinery capacity, Energy Minister A H M Fowzie said …