Price Cut
Dec 19, 2008 (LBO) – Lanka IOC, a unit of Indian Oil Corporation, is cutting the retail price of petrol to 100 rupees a litre on an order by Sri Lanka's …
Dec 19, 2008 (LBO) – Lanka IOC, a unit of Indian Oil Corporation, is cutting the retail price of petrol to 100 rupees a litre on an order by Sri Lanka's …
Dec 19, 2008 (LBO) – Sri Lanka's cabinet of ministers had not revised oil prices after meeting for a second time, with a court decision to cut prices …
Dec 16, 2008 (LBO) - Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) was instructed to consider a bigger commission to its dealers, by the island's …
Dec 15, 2008 (LBO) – Sri Lanka's Supreme Court said the island's taxation of petroleum products was irrational and asked the Treasury not to tax petrol …
Dec 10, 2008 (LBO) – Sri Lanka's President Mahinda Rajapaksa rejected a price-formula for fuel amidst growing public displeasure at exorbitant pump …
Dec 09, 2008 (LBO) - Sri Lankan industrial exporters say the lack of a transparent price formula especially for diesel has increased their production cost …
Dec 06, 2008 (LBO) - The Sri Lanka unit of the Indian Oil Corporation has unwound some oil derivatives it bought earlier in 2008, but is left with 70,000 …
Dec 05, 2008 (LBO) - The government said it will reduce fuel retail prices from midnight Friday in line with falling global oil prices and ahead of a court …
NEW YORK, December 4, 2008 (AFP) - Oil prices tumbled to their weakest levels in nearly four years Thursday as investors fixated on mounting signs of recession …
Nov 03, 2008 (LBO) – Sri Lanka's state is operating a black market taking an estimated 54 billion rupees a year in profits and discriminatory taxes from …
Nov 30, 2008 (LBO) – Sri Lanka's petroleum ministry has not yet been taken over by President Mahinda Rajapaksa, following a court ruling by the Supreme …
Nov 28, 2008 (LBO) - Sri Lanka's supreme court said petroleum minister A H M Fowzie should be removed, in a case where controversial oil hedges by a state-run …
Nov 28, 2008 (LBO) - Sri Lanka's supreme court has ordered the state-owned oil refiner, Ceylon Petroleum Corporation (CPC), to suspend controversial hedge …
Nov 27, 2008 (LBO) – A team of Sri Lankan ministers is probing an oil hedge that could lose hundreds of millions of dollars to a state-run oil retailer …
Nov 21, 2008 (LBO) – The Sri Lankan government has increased the customs duty on imported petrol by 10 rupees per litre to 35 rupees from yesterday, a …
LONDON, November 12, 2008 (AFP) - Oil prices sank under 53 dollars a barrel here on Wednesday, hitting the lowest level since January 2007, as traders worried …
Nov 11, 2008 (LBO) – Sri Lanka's state-run Ceylon Petroleum Corporation is looking at ways to cap losses from hedges that went against it by entering …
Nov 10, 2008 (LBO) – Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) has already settled a part of its dues on hedging oil contracts and …
Nov 10, 2008 (LBO) – Sri Lanka's state-run Ceylon Petroleum Corporation owes 1.1 billion dollars in supplier's credit to Iran on crude bought in 2008, …
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