COLOMBO, Jul 18 (NNN-XINHUA) – Sri Lanka’s state-owned Ceylon Petroleum Corporation (CPC) and the Lanka Indian Oil Corporation (LIOC), reduced the retail price of fuel from last night.
The price of a litre of Octane 92 petrol will be reduced by 20 rupees, and the new retail price will be 450 rupees (1.25 dollars).
Octane 95 petrol will sell for 540 rupees per litre, down by 10 rupees.
The diesel price will be slashed by 20 rupees per litre, thus the new price will be 440 rupees, and the price for super diesel will be 510 rupees a litre, following a reduction of 10 rupees.
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 shortages since Feb.
In late June, CPC suspended distributing fuel for private vehicles.
CPC will start fuel distribution from Jul 21, following the arrival of petrol and diesel shipments. (1 U.S. dollar equals 361 Sri Lankan rupees).– NNN-XINHUA
