CPC gets $ 2.5mn as legal fees

29 December 2011 09:40 am Views - {{hitsCtrl.values.hits}} 9 Bookmark

CHATURANGA PRADEEP SAMARAWICKRAMA Follow

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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.

Comments - 9

Wara Thursday, 29 December 2011 10:22 AM

Very good !!

4 22

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 !

12 20

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

4 13

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.

4 8

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?

8 12

Nodrog Thursday, 29 December 2011 02:39 PM

No need to be happy......petty cash compared to what we have alreay spent or lost!

9 17

lk Thursday, 29 December 2011 02:40 PM

so fuel prices will reduce?

2 8

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.

2 9

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!

2 5

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