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Sri Lanka’s state-owned oil company hikes fuel prices

Colombo. Sri Lanka’s state-run oil and gasoline firm Ceylon Petroleum has elevated the value of petrol by Rs 77 per liter and diesel by Rs 55 per liter.

Earlier, Lanka IOC, a subsidiary of India’s main oil firm Indian Oil Company, had raised gas costs. IOC had elevated the value of petrol by Rs 50 per liter and that of diesel by Rs 75 per litre.

Petrol costs have risen by 43.5 per cent to a document Rs 254 per liter, whereas diesel has risen by 45.5 per cent to Rs 176 per liter after the Ceylon Petroleum Company (CPC) hiked costs.

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