Apr 07, 2018

Kerosene loss over 3-years, Rs. 3.5 b! Featured

Over the past three years the Ceylon petroleum Corporation has incurred a loss of Rs. 3.5 billion on the kerosene produced by the CPC, according to informed sources.

With the 100 day government establishing power, kerosene that was sold at Rs. 74 per litre was reduced to Rs. 44 per litre.

Currently, the diesel market has dropped while the kerosene market has increased due to busses using kerosene.

Accordingly, the CPC is contemplating on increasing the price of Kerosene after the new year, it is reported.