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Fuel prices revised

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The Ceylon Petroleum Corporation has announced that fuel prices will be revised with effect from 5.00 am today (Jan. 01).

Accordingly, the price of a litre of Petrol Octane 92 and Petrol Octane 92 have been upped by Rs. 20 and Rs. 38 respectively.

A litre of Auto Diesel has been increased by Rs. 29 while a litre of Super Diesel has been increased by Rs. 41.

Meanwhile the price of Kerosene has been reduced by Rs. 11 to Rs. 236 per litre.

Accordingly, the revised fuel prices are:

Petrol 92 Octane – Rs. 366
Petrol 95 Octane – Rs. 464
Auto Diesel – Rs. 358
Super Diesel – Rs. 475
Kerosene – Rs. 236

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No justification for coconut oil price hike – Coconut Development Authority

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The Coconut Development Authority has stated that there is no valid reason for a price increase of coconut oil in the local market.

CDA chairman – Prof. Roshan Perera has emphasized that there has been no tax hike on imported coconut oil.
Given the sufficient supply of coconut oil for domestic consumption, Prof. Perera asserted that any price increase is unjustifiable.

Additionally, a new regulatory program is being planned to control and stabilize coconut oil prices in the market, he added.

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Coconut oil price upped

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The price of a litre of coconut oil has been increased by more than Rs. 100, the National Consumer Front (NCF) has said.

NCF Chairman Asela Sampath said that the price of a litre of coconut oil has been increased by between Rs. 180 and Rs. 200. 

Accordingly, the current retail price of a coconut oil litre is Rs. 550.

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Registration compulsory for all money changers 

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The Central Bank has issued a notice making it compulsory for all money exchange institutions to be registered with the Central Bank and regulated by it. 

The CB order is in effect from 3 June 2024. 

The Central Bank states that all money changers who are currently not registered will now receive the opportunity to provide such services in a systematic and regulated manner. 

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