Fuel price reduction if world oil prices drop: Ravi

The government will consider a further reduction in the fuel price if oil prices in the world drop, Finance Minister Ravi Karunanayake said. “We won’t do this as an election bribe. When the gas prices dropped in the world market we reduced the price accordingly,” he added. MORE...

July 18, 2015  12:22 pm|

Ceypetco suspends fuel contracts worth millions

Sri Lanka’s state-owned Ceylon Petroleum Corp (Ceypetco) has suspended oil contracts worth millions of dollars that were signed last year for fuel deliveries, the company chairman has told on Thursday. MORE...

July 2, 2015  03:16 pm|

No fuel price hike - Patali

I say with completely responsibility that there will be neither fuel hike in the near future nor a fuel shortage, Power and Energy Minister Patali Champika Ranawaka said today. He also completely denied rumours that the Petroleum Corporation will be privatized. MORE...

May 11, 2015  05:04 pm|

Bus fares to be reduced from Feb 1 – Minister

Bus fares will be reduced by 8-10% from February 1, the Minister of Internal Transport Ranjith Maddumabandara announced a short while ago. Maddumabandara added that the minimum fare has been reduced from Rs. 9 to Rs. 8. MORE...

January 27, 2015  02:08 pm|