(EnergyAsia, May 29, Thursday) — The Sri Lankan government has confirmed it will not let retail fuel prices rise to reflect the increasing cost of crude oil on the world markets. Oil companies led by state-owned downstream player Ceylon Petroleum Corporation (CPC) will be forced to write off large losses. So far this year, CPC…
SRI LANKA: Government to maintain retail fuel price caps
Posted on May 28, 2008 by EnergyAsia