No change in oil prices
Ceylon Petroleum Corporation (CPC) chairman Asantha De Mel said that
there will be no change in oil prices in the near future. The present
oil stocks are sufficient for this month and new oil stocks will be
ordered by the end of this month, he said.
CPC's gas will be marketed under the name Cepetco.
The marketing of Cepetco gas will take at least three months due to
the government tender procedures to be followed to import gas cylinders,
Cepetco gas cylinder will be red coloured, he said.
Petroleum Minister A. H. M. Fowzie said that 1.5 million gas
cylinders are needed and 100,000 gas cylinders will be imported
immediately in the first consignment.
The Cepetco gas price will be less than the prevailing gas prices, he