July 18, 2022
1 min read

Fuel prices reduced amid shortage in Lanka

The diesel price will be slashed by Rs 20 per litre, thus the new price will be Rs 440, and the price for super diesel will be Rs 510 a litre following a reduction of Rs 10…reports Asian Lite News

Sri Lanka’s state-owned Ceylon Petroleum Corporation (CPC) and the Lanka Indian Oil Corporation (LIOC) have reduced the retail price of fuel.

The two state-owned oil companies reduced the retail price of fuel from Sunday evening, Xinhua news agency reported.

The price of a litre of Octane 92 petrol will be reduced by Rs 20, and the new retail price will be Rs 450 ($1.25).

Octane 95 petrol will sell for Rs 540 per litre, down by Rs 10.

The diesel price will be slashed by Rs 20 per litre, thus the new price will be Rs 440, and the price for super diesel will be Rs 510 a litre following a reduction of Rs 10.

The Ministry of Power and Energy also introduced a new digital system to systematise the distribution of fuel from July 21. Both the CPC and the LIOC will take part in the scheme.

Sri Lanka has been facing crippling fuel shortage since February.

In late June, CPC suspended distributing fuel for private vehicles.

CPC will start fuel distribution from July 21, following the arrival of petrol and diesel shipments. (1$ equals 361 Sri Lankan rupees).

ALSO READ: Sri Lanka calls out for a lion-hearted leader

Previous Story

Sporadic violence in Pak’s Punjab bypolls

Next Story

Opposition picks Alva for VP

Latest from -Top News

Another Taliban Envoy Posted in India

These back-to-back appointments in Mumbai and Hyderabad signal Kabul’s intent to maintain cordial diplomatic relations with New Delhi….reports Asian Lite News After Mumbai, another Afghan Taliban representative has taken charge of the

Rahul, the court, and the patriotism trap

When judges slip into moral commentary, especially on loyalty to the nation, they risk blurring the line between verdict and ideology, writes Aravind Rajeev A rare moment of judicial overreach shook the

‘Free Imran’: PTI Roars Nationwide

The protest is being held under the banner of Tehreek Tahafuz Ayeen-e-Pakistan (TTAP) and is supervised by PTI Secretary General Salman Akram Raja Marking the second anniversary of former Prime Minister Imran

Yunus Unveils July Declaration

Yunus unveiled the July Declaration on Tuesday at the South Plaza of Parliament, marking one year since the Awami League’s ouster….reports Asian Lite News Bangladesh’s Chief Advisor Muhammad Yunus on Tuesday unveiled

Doval in Moscow Amid US Tariff Threat

During his Moscow visit, NSA Doval will discuss defence ties, the oil issue, and the upcoming Modi-Putin summit..reports Asian Lite news India’s National Security Advisor Ajit Doval is set to meet senior
Go toTop

Don't Miss

China’s energy push in Lanka sparks security worries

In addition to Hambantota port, China has invested in hydropower

India’s credit line to save ailing Lanka

India, Sri Lanka’s closest neighbour had offered $1 billion credit