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Sri lanka News – Sri Lanka’s state-run fuel retailer Ceylon Petroleum Corporation (CPC) raised prices of diesel and kerosene with effect from midnight of Friday, the CPC said in statement, two days after the government said both products are sold at a loss.

The CPC increased widely used auto diesel price by 15 rupees or 3.6% to 430 rupees and raised price of kerosene by 25 rupees or 7.4% to a record 365 rupees.

The only competitor Lanka OIC also raised the prices of the same products to match the CPC prices.

D V Chanaka, the State Minister of Power and Energy in Parliament on Wednesday said the government was losing 12 rupees per liter of diesel and 22 rupees per liter of kerosene. (Colombo/Nov11/2022)

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