No fuel price hike, Finance Ministry to pay CEB’s debts

February 23, 2022

The Government has declined to revise the fuel prices, as requested by the Ceylon Petroleum Corporation. During the special Cabinet meeting held last night, the President directed the officials to ensure direct fuel supplies to the Ceylon Electricity Board. In the meantime, the Finance Ministry agreed to settle Rs 80 billion owed y the Ceylon Petroleum from the Electricity Board.

No fuel price hike, Finance Ministry to pay CEB’s debts

RELATED NEWS

Lanka may turn to seawater supply as severe El Niño looms

DFC announced support the development of a deepwater shipping container terminal

Hambantota Again; Now An Oil Refinery Contract To A Chinese Firm

Family members cry foul over Lalith's death: The magistrate orders JMO to hold a postmortem.

The place of workers’ remittances in the global and Sri Lanka context

Roots of unrest in Pakistan-held Kashmir and Gilgit-Baltistan

India gives up Car Nicobar airbase expansion on environmental grounds, but concerns remain.

Lanka may turn to seawater supply as severe El Niño looms

Sri Lanka’s joining the RCEP - opportunities and challenges

The president says he does not approve of Palasteninans being made victims in the Israel-Hamas conflict.

The Navy Commander visits Dondra to inspect the large haul of heroin recovered by the Joint Navy and police team.

Navy and police joint operation helped to bust a massive drug ring.

Now we can pay the multilateral creditors and expedite debt restructuring. Shehan Semasinghe