Lanka IOC makes price hike request

22 January 2011 11:20 am - 17 - {{hitsCtrl.values.hits}}

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Lanka IOC has made a request to the government to increase the prices of petrol and diesel as the crude oil and petroleum products prices have been increasing in the international market, Managing Director of Lanka IOC Suresh Kumar said

He added that due to the existing conditions prices had to increased. (Daily Mirror online)

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Comments - 17

Steve Saturday, 22 January 2011 05:06 PM

Due to increase of vehicles the demand is high and this could be one reason.

ioc Monday, 24 January 2011 04:54 AM

reduce the government taxes.

Mohamed Sunday, 23 January 2011 08:14 AM

Why not the Sri Lanka Petroleum Corporation take over IOC in its entirety?

Sicillian Sunday, 23 January 2011 03:37 AM

The last price increase was when the barrel was over USD 130. So no need.

Saradial Sunday, 23 January 2011 03:36 AM

Why they doesn't decrees when price go down in international market?

Saradial Sunday, 23 January 2011 03:34 AM

Permission granted with a condition. Increase it after LG Elections.

Rajitha Sunday, 23 January 2011 02:56 AM

okay allow them to increase but keep the prices of Ceypetco at it's current rate. then these indians would go bankrupt.

sen Saturday, 22 January 2011 10:06 PM

Praise the mahintha chinthana!!!

Samara Saturday, 22 January 2011 05:46 PM

Incase of the hike does not granted, what can LIOC do ?

this is like kind of blackmail

Mahadanamutta Saturday, 22 January 2011 11:28 AM

No problem increase is not granted! will be reconsidered after the LG Elections!

demon Saturday, 22 January 2011 04:20 PM

IOC have to wait until the elections are over...

Anemagekata Saturday, 22 January 2011 03:50 PM

No chance until the LG elections are over.

Lankanlion Saturday, 22 January 2011 02:52 PM

Well said. I was about to say this

The Judge Saturday, 22 January 2011 02:23 PM

Pls wait till the LG elections are over. Thereafter you wish is granted by GOSL with rewards.

meranchi Saturday, 22 January 2011 02:23 PM

petrol price have to be increase according the world market no one wanted to do profit less business and can not do a charity basis loose the profit lead shut down the business

CP Saturday, 22 January 2011 12:55 PM

Reimburse the deficit from the profit IOC has uncured even after court has ruled to reduce petrol @ 100/- where you sold @115/-

Konde bendapu china Saturday, 22 January 2011 11:43 AM

of course,No Increase till April

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Lanka IOC makes price hike request

Comments - 17

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