Sri Lanka CPC Oil Imports and Sales Decline with New Market Players
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