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The Chairman of Lanka IOC Plc (LIOC), Makrand Nene says it is of great importance that the Sri Lanka Government evolves a transparent pricing system for fuels which would not only benefit the public but would also pave way for systematic infrastructure development in the energy sector. According to the LIOC management, there remains minimal correlation of local prices to International world market prices, which exposes the industry to an acute risk of incurring significant financial losses due to sudden price fluctuations. Hence, they say there is a need for greater transparency in the formulation of a method to correlate to global prices. -
See more at: http://www.nation.lk/edition/biz-news/item/32567-lioc-urges-transparent-pricing.html#sthash.sUEgcMpz.dpuf
See more at: http://www.nation.lk/edition/biz-news/item/32567-lioc-urges-transparent-pricing.html#sthash.sUEgcMpz.dpuf
