Category: Petroleum
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Sri Lanka’s national fuel distributor indicates potential for price reduction contingent on securing crude oil shipments.
FINANCIAL CHRONICLE – The President of the state-run Ceylon Petroleum Corporation (CPC) has indicated that Sri Lanka could potentially lower fuel prices if it successfully acquires a shipment of crude oil. Currently, the nation relies on Murban light crude for its sole refinery, which has been producing oil at a lower cost compared to imported…