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LIOC also reduces fuel prices

15 November 2018 11:40 pm - 5     - {{hitsCtrl.values.hits}}

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The Lanka Indian Oil Corporation (LIOC) also announced a reduction in petrol and diesel prices with effect from tonight in line with the fuel price reduction announced by Ceylon Petroleum Corporation (CEYPETCO) tonight.

They said that according to the revision the price of Lanka Auto Diesel was reduced by Rs.7 per litre and Lanka Petrol (Octane 92) was reduced by Rs.5 per litre.

This means that a litre of Lanka Petrol (Octane 92) will now be sold at Rs.148. Meanwhile, a litre of Lanka Auto Diesel will now be sold at Rs.111 by LIOC

XtraPremium 95 (Euro 4) Petrol will be sold at Rs.167, reduced by Rs.5 per litre,

while a litre of Super Diesel (Euro 4) will be sold at Rs.136, a reduction of Rs.5.

It was announced that XtraPremium (Euro 3) will be sold at Rs.152 a litre, an increase of Rs.6 per litre.

The company stated that the price reduction was done although LIOC was incurring huge losses on the sale of auto fuel in the Sri Lankan market. (Chaturanga Samarawickrama)

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  • Stunned Cituzen Friday, 16 November 2018 01:26 AM

    Dollar is going up and up, Petrol prices coming down. what kind of formula is in play?

    bert Friday, 16 November 2018 08:20 PM

    World crude is sliding now. Texas crude is aound $ 43 and brent is around $65. This is all thanks to President Trump.

    upali Friday, 16 November 2018 07:14 AM

    Welcome the new govt. started good work.

    Javid Friday, 16 November 2018 09:36 AM

    till getting stability

    Bala Friday, 16 November 2018 09:56 AM

    All eyewash to fool some short term.


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