Lanka Indian Oil Company has requested permission from the government to
increase fuel prices again. It has been reported that Lanka IOC had
made this request due to the financial losses suffered by the company
continuously.
Crude prices in the global market had risen
recently and consequently Lanka IOC had stated that an increase in fuel
prices was necessary. However the Petroleum Ministry had denied
permission for the price hike.
Lanka IOC, IndianOil’s
subsidiary in Sri Lanka, has now once again requested that the price of a
diesel liter be increased by Rs.5 and a petrol liter increased by
Rs.25.
Sourse: http://www.adaderana.lk/news.php?nid=14151
Posted on Monday, July 18, 2011 @ 03:10:54 LKT
>> Back to News