(EnergyAsia, July 16, Wednesday) — The Sri Lankan government has threatened to nationalise Indian Oil’s 160 local fuel depots in a dispute over diesel retail prices. Bowing to populist pressures as world oil prices continue to rise, the government has demanded that Indian Oil reduce its diesel prices at the pump. IndianOil now sells its…
SRI LANKA: Amid rising prices, government threatens to nationalise local depots of Indian Oil
Posted on July 15, 2008 by EnergyAsia