24.6.2008
The price of diesel will be still
higher than the CPC prices.
The
Lanka Indian Oil Company (LIOC) has announced that it
will reduce the price of diesel by Rs. 10 per litre with
effect from midnight Wednesday.
LIOC
Managing Director K. Ramakrishnan said they are reducing
the price by Rs. 10 per litre, though the Sri Lankan government
has requested them to reduce it by Rs. 20. “We cannot
do that as we would suffer heavy losses,” he said.
The
price of diesel will be still higher than the (Ceylon
Petroleum Corporation) CPC prices. The CPC is currently
selling diesel at Rs. 110 per litre while the new LIOC
price will be Rs. 120 per litre.
Mr.
Ramakrishnan also revealed that the decision was taken
following Petroleum Minister A.H.M. Fowzie’s advice.
CP