COLOMBO– Sri Lanka’s state-owned Ceylon Petroleum Corporation (Ceypetco) raised fuel prices effective mid night Monday (18), to minimize losses after sharp rupee depreciation and high global oil prices
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COLOMBO – Lanka IOC (LIOC), a subsidiary of the Indian Oil Corporation (OIC), on Sunday (17) announced yet another price hike, this time increasing the price of petrol by Rs 35 and diesel by a massive Rs 75.  This is the fifth time LIOC has…
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COLOMBO – The price of wheat flour-based items including bread and the popular ‘kottu’ were increased, effective midnight Sunday (28). The All Ceylon Bakery Owners’ Association, upping the prices of a 450g loaf of bread by Rs 10,…
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COLOMBO - Sri Lanka has sought a $500 million credit line from India to pay for its crude oil purchases amid a severe foreign exchange crisis in the island nation. The move came few days after energy minister Udaya Gammanpila warned that…
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COLOMBO - Sri Lanka on Tuesday (31) declared a state of emergency over food shortages as private banks ran out of foreign exchange to finance imports. With the country suffering a hard-hitting economic crisis, President Gotabaya…
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COLOMBO - In what appears to be a blast from the past, a kerosene-vending bullock cart makes a reappearance on the Colombo city streets on Sunday (11), selling the poor man’s fuel by the bottles and gallons to households and small…
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COLOMBO – Partner parties of the Sri Lanka Podujana Peramuna (SLPP)-led alliance has issued a joint-statement criticizing attempts from within to heap blame for a staggeringly unpopular fuel price hike on Minister of Energy, Udaya…
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COLOMBO – Sri Lanka has raised fuel prices to strengthen the economy, the rupee and the banking system which has loaned over Rs 652 billion to the Ceylon Petroleum Corporation (CPC), the President’s office said. The administration has…
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COLOMBO – Sri Lanka’s ruling party in a dramatic move called for the resignation of the Minister of Energy,  Udaya Gammanpila, a day after fuel prices were raised ending an election promise to fix oil prices, in a bid to bolster the…
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