Sri Lanka’s state-run Ceylon Petroleum Corporation (CPC) has reported a steep decline in profits for the first half of 2024, with net earnings plummeting by 70.2% to 20.7 billion rupees compared to 69.5 billion rupees in the same period last year. According to a Finance Ministry report, the decrease in profits is attributed to a
Sri Lanka’s state-run Ceylon Petroleum Corporation (CPC) spent 648.7 million US dollars on oil imports in the first four months of 2024, down from 828.4 million dollars due to the entry of other market players, according to a Finance Ministry report. CPC’s turnover fell to 389.1 billion rupees by April 2024, down 16.6 percent from
The Ceylon Petroleum Corporation (CPC) has announced an immediate reduction in fuel prices. The new prices are as follows: There are no changes in the prices for a litre of Lanka Super Diesel 4 Star Euro 4, which remains at Rs. 317, and a litre of Lanka Kerosene, which stays at Rs. 202.