Oil Switch

Manjula Mathews, President of the Board of Directors of Habitat for Humanity Sri Lanka (L) and Yu Hwa Li, National Director of Habitat for Humanity Sri Lanka (R) present Rakhil Fernando, Managing Director of Daraz (C) with Goodwill Ambassador Certificate

Dec 30, 2013 (LBO) – Sri Lanka will start selling petrol with an Octane count of 92 from January 2014 and will discontinue 90-octane fuel, petroleum minister Anura Yapa said. Minister Yapa said state-run Ceylon Petroleum Corporation and the second player Lanka IOC will both sell 92-Octane petrol.

There will be no change to retail prices.

CPC will have to incur a cost of around 80 cents to one rupee per litre to provide 92-Octane petrol, he said.