(EnergyAsia, May 12) — Sri Lanka’s fuel subsidy spendings could exceed last year’s Rs16 billion if oil prices remain continue at current levels, said the Central Bank, which warned in its annual review of the economy that wasteful subsidies are hindering public investment. The bulk of the subsidies owed to the state owned Ceylon…
SRI LANKA: State subsidies for fuels could exceed last year’s Rs16 billion
Posted on May 12, 2005 by EnergyAsia