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Last Updated : 2023-02-03 08:59:00
A Singapore arbitration panel has ordered CITI Bank to pay $2.5 million to Ceylon Petroleum Cooperation (CPC) as legal fees for the Hedging case, the Petroleum Ministry stated.Wara Thursday, 29 December 2011 10:22 AM
Very good !!
jay Thursday, 29 December 2011 10:39 AM
Wonder if we will get a price reduction in fuel even now...
Most likely they will increase the prices !
SL Thursday, 29 December 2011 12:07 PM
A happy news after a loooong time.
well done guys.
pls do not repeat same error agian
M Y Thursday, 29 December 2011 12:11 PM
Here after in sri lanka,price of fuel will never reduced under any circumstances.Even the cost of fuel price comes down 1 cents.
people Thursday, 29 December 2011 01:36 PM
Ok.. why don't you tell us the amount of legal fees we paid on thee lost case on the same subject?
Nodrog Thursday, 29 December 2011 02:39 PM
No need to be happy......petty cash compared to what we have alreay spent or lost!
lk Thursday, 29 December 2011 02:40 PM
so fuel prices will reduce?
Sarath Friday, 30 December 2011 12:50 AM
It seems many have forgotten that CPC won the arbitration against Citibank and saved US$ 264 million already.
Nicky Karunarathna Friday, 30 December 2011 05:02 AM
Guys don't ask about the petrol prices but ask the newspaper men and others who burn their midnight oil about this deal and criticising the government about loss!
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