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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2674

Sri Lanka : Government increases fuel prices

Sunil C. Perera in Colombo

Colombo, 14 January, (Asiantribune.com): The fuel prices in Sri Lanka has been increased in Sri Lanka.

Ceylon Petroleum Corporation today increased the fuel prices with effect from midnight.

Accordingly, price of petrol has increased by 10 rupees a liter placing it at 127 rupees. The new prices of a auto diesel liter is at 80 rupees.

A liter of kerosene oil has increased by two rupees and the new price is 70 rupees.

In the meantime, the communiqué by the Ceylon Petroleum Corporation it revealed that the Corporation has maintained the fuel prices unchanged during past five months. The corporation says it has now increased the fuel prices to face the price hike in the world market.

The communiqué further says the prices of fuel in the world market has soared up by hundred percent during the last year. By February 2007 a barrel pf crude oil was Us Dollar fifty and it increased up to US Dollar one hundred by November.

The corporation added that such a rapid increase of fuel prices cannot be tolerated to a non-fuel producing country like Sri Lanka.

- Asian Tribune -

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