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Government to buy oil at low cost

Dec 9, 2010 3:51:30 AM - itnnews.lk

The Government is planning to procure fuel at a lower rate from foreign countries and to provide the benefit to the people.

The Petroleum Ministry is making plans to purchase oil from Petroleum producing countries with the intervention of the Government. Minister Susil Premajayantha has started discussions with oil producing countries to obtain oil at a price lower than that of the world market. The Ministry said discussions have been held with the Government of Oman in this respect. The Minister who visited Oman recently, met the Minister of Petroleum Resources and Trade and held discussions. The Ministry said that high level officials in Oman have pledged their support for the Government’s programme.