August 21, 2022
1 min read

Poor man’s fuel gets dearer in Lanka

Kerosene is used among several vulnerable communities and was earlier sold at a subsidized rate of 87 LKR…reports Asian Lite News

Amid the continuing economic crisis, Sri Lanka’s state-owned fuel distributor Ceylon Petroleum Corporation (CPC) has hiked the price of kerosene to cut losses.

The hike took effect on Sunday midnight, reports Xinhua news agency

Issuing a statement, the CPC said the price of a liter of kerosene increased by 253 LKR ($0.7) to 340 LKR.

Kerosene is used among several vulnerable communities and was earlier sold at a subsidized rate of 87 LKR.

Last month, Minister of Power and Energy Kanchana Wijesekera told Parliament that they planed to raise the price of kerosene and give a subsidy to low-income groups.

He said that the cost to produce a liter of kerosene is 421 LKR.

Selling kerosene at a subsidized rate is one of the main reasons why the CPC makes a loss, the Minister said.

ALSO READ: Lanka looks to Saudi travelers to boost tourism industry

Previous Story

Stripe joins layoff club

Next Story

Liz Cheney not ready to end fight with Trump

Latest from -Top News

UN Slams Pakistan Over Minority Attacks

The minorities in Pakistan – including Ahmadiyya Muslims, Christians, Hindus, and Shia Muslims – continue to be neglected and increasingly subjected to targetted state-backed persecution….reports Asian Lite News Alarmed by rising violence

Cambodia-Thailand Agree to Truce

The border violence has claimed at least 35 lives and left more than 200 injured, based on figures from Thai and Cambodian officials….reports Asian Lite News Cambodia and Thailand have agreed to

Baloch Activist Thanks India, Slams Pakistan Terror

Mir Yar Baloch also appreciated the extraordinary courage and professionalism of the Indian Armed Forces, the “responsible and patriotic role” of the Indian media…reports Asian Lite News Prominent Baloch human rights activist

UK Warns China Over Taiwan Moves

Healey’s comments come amid rising global concerns over Chinese military activity around Taiwan and the growing Western focus on the Indo-Pacific region. British Defence Secretary John Healey has said the UK is

US Sticks to August 1 Tariff Deadline

US Commerce Secretary Howard Lutnick ruled out any possibility of an extension…reports Asian Lite News The US administration on Sunday said the August 1 deadline for imposing reciprocal tariffs remains unchanged and
Go toTop

Don't Miss

Lanka’s ailing medical system gets a boost from India

A 25 ton consignment of drugs, including some life-saving medicines,

It felt like Lanka against Surya, says Hardik Pandya

The 112 not out at Rajkot was a trademark Suryakumar