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CPC announces latest fuel price revision

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The Ceylon Petroleum Corporation (Ceypetco) has announced a fuel price revision which will come into effect from midnight today (January 31).

Accordingly, the price of a litre of Petrol Octane 92 and Auto Diesel have been increased by Rs. 05. The price of a litre of Petrol Octane 95 and Super Diesel have been slashed by Rs. 08 and Rs. 07 respectively.

In addition, the price of a Kerosene litre has been increased by Rs. 26.

Revised Fuel Prices:

Petrol Octane 92 – Rs. 371
Petrol Octane 95 – Rs. 456
Auto Diesel – Rs. 363
Super Diesel – Rs. 468
Kerosene – Rs. 262

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W.M. Mendis’ liquor manufacturing license to be suspended

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The liquor manufacturing license issued to W.M. Mendis & Co. Limited will be suspended from tomorrow (December 5) due to their failure to pay Rs. 5.7 billion in excise taxes and surcharges, the Excise department said.

Accordingly, as per the provisions Excise Ordinance Act, the Commissioner General of Excise has ordered to suspend the liquor manufacturing license issued to W.M. Mendis & Co. Limited effective from tomorrow.

The department further stated that measures have been taken to suspend the liquor manufacturing process from tomorrow (December 5) and to not renew the other licenses issued to the company from December 31 onwards if the company continues non-payment of tax arrears and surcharges. 

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No change in Litro Gas prices for December

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The Litro Gas Company says that the prices of its domestic LP Gas cylinders will remain unchanged for the month of December 2024.

Chairman of Litro Gas – Channa Gunawardena stated that the company decided to keep the prices of LP gas cylinders unchanged despite the price hike in the global market, in order to provide relief to the consumers.

Accordingly, the prices of Litro LP gas domestic gas cylinders will remain unchanged as follows:

12.5kg – Rs. 3,690
05kg – Rs. 1,482
2.3kg – Rs. 694

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Special Commodity Levy on big onions, slashed

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The Special Commodity Levy imposed on imported big onions, has been reduced by Rs. 20 to Rs. 10 per kilogram.

This will be in effect during the period from today (Dec. 01) to December 31, 2024.

However, it has been decided to keep the Special Commodity Levy imposed on imported potatoes unchanged.

Announcing the decision, a media release issued by the Ministry of Finance, Planning and Economic Development states that the move comes amid a notable rise in the market price of onions.

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