Fuel distributors have agreed to the new commission formula introduced by the Ceylon Petroleum Corporation (CPC), Cabinet Media Spokesperson Minister Dr. Nalinda Jayatissa announced at the weekly ...

Sri Lanka’s fuel pricing formula introduced in mid last year at the insistence of the International Monetary Fund (IMF) is set to be abolished or reviewed despite its input in increasing the Ceylon ...

The Government has no funds to keep propping up the Ceylon Petroleum Corporation (CPC), though it has chosen to keep selling fuel at current prices even after a petrol and diesel hike by rival Lanka ...