(EnergyAsia, September 6) — Sri Lanka’s state-owned Ceylon Petroleum Corp (CeyPetco) wants the government to raise fuel prices as the country’s oil import bill threatens to exceed US$1.4 billion this year. World oil prices have risen sharply, with crude recently breaking the US$70 a barrel level. Sri Lanka continues to heavily subsidise retail prices…
SRI LANKA: CeyPetco wants government to raise fuel prices, reduce subsidies
Posted on September 6, 2005 by EnergyAsia