Lanka IOC a prominent figure among Sri Lanka oil companies slashes prices of own fuel varietiesAugust 10, 2016 11:23 am Print this article
A prominent figure among Sri Lanka oil companies and Sri Lanka’s only private oil company that operates fuel retail outlets and a key figure among Sri Lanka oil companies, Lanka IOC PLC said it was reducing the prices of two of its own fuel brands from midnight, yesterday.
Accordingly, the price of a litre of Xtra Premium Euro 3 (petrol) and Xtra Mile (diesel) was reduced by Rs.2 each.
The revised prices of Xtra Premium Euro 3 (petrol) and Xtra Mile (diesel) will be Rs.121 and Rs.97 per litre, respectively.
Sri Lanka has fixed prices for diesel and petrol but special varieties don’t come under them. The government is yet to introduce a transparent cost-reflective pricing mechanism for the fuel retailing sector.
Taken from Daily Mirror
Tags: Sri Lanka Oil Companies, Engine oil Sri Lanka, Servo Sri Lanka, Industrial Fuel sri Lanka, Fuel stations Sri Lanka, Lubricants sri lanka, Petroleum Market Sri Lanka, Lanka IOC Price Slash, Fuel Price Reduction