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Three-wheeler fares also reduced

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The All-Ceylon Three-Wheeler Owners’ Association has decided to reduce three-wheeler fares by Rs.20 per kilometer.

President of the Association Sudil Jayaruk said the decision was taken in line with today’s petrol price reduction.

He said accordingly three-wheeler operators across the country have been advised to reduce the fare for a kilometer to Rs.80 from the second kilometer.

Sudil Jayaruk said the new fares will come into effect from midnight.

He also requested the government to intervene and prevent operators from charging fares as they please and causing severe hardship to passengers.

Sudil Jayaruk noted the importance of further regulations to safeguard the industry and those who are part of it.

(newsradio.lk)

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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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