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Oil price to be reduced

Oct 24, 2010 12:28:23 PM - itnnews.lk

The oil price will be reduced in the future. The Petroleum Minister has said that this concession will be provided by directly purchasing fuel from the Oil Producing Countries.

The Minister made this observation at a function held at the Buddadasa stadium at Pelawatta. The Petroleum Corporation had organized the function to introduce an environmentally friendly fuel known as I-rex. 500 three wheeler owners were provided fuel worth 500 rupees each.