Sri Lanka Cuts Fuel Price Ahead of Elections
Sri Lanka slashed fuel prices by up to nearly 6 percent on Saturday to reflect falling global oil prices and said it would forgo subsidies and allow market forces to determine prices at the pumps from now on. The fuel price reduction comes ahead of snap presidential elections in January and two months after it cut energy prices across the board. "Don't link this to the election in any way. As a result of the drop in world oil prices, better management and better debt collection we were able to reduce the prices…
Bunkering To Commence At Magampura Mahinda Rajapaksa Port
Fuel bunkering under the Magampura Mahinda Rajapaksa Port will commence operations by June 15, Sri Lanka Ports Authority (SLPA) Chairman Priyath Bandu Wickrama said. "Bunkering operations will start by June 15 at the newly built fuel bunkering terminal at Magampura Mahinda Rajapaksa Port," Wickrama said. "The terminal, which will provide fuel for ships, has been constructed at a cost of US $95 million in line with the Magampura Port development project.
