Sri Lanka and Oman will sign an agreement next week for a US $. 3.6 billion credit facility to purchase fuel, Energy Minister Udaya Gammanpila said .
The Minister told Daily Mirror that it would be a credit facility to be settled over a period of 20 years. He said there would be a five -year grace period for the settlement of the loan.
The global fuel prices had hit a new high at present, it is said.
Asked about the possible fuel price revision , he said the Ceylon Petroleum Corporation (CPC) was incurring a loss of Rs.35 for a litre of diesel and Rs.18 for a litre of petrol.(Kelum Bandara)