Jan 01 2014 January 1, 2014 January 1, 2014 NoComment by Administrator

Octane 92 petrol from today

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Oil Market

The Petroleum Cooperation will discontinue the Octane 90 petrol from today and will be switching to Octane 92 petrol, said Petroleum Resources Minister Anura Priyadarshana Yapa.

He was addressing a press conference at the Department of Government Information recently.

With this transition, the price of petrol will not be changed as the additional cost of nearly one rupee will be born by the Petroleum Cooperation.

The Petroleum Cooperation has received sufficient Octane 92 petrol stocks. The advantage of the use of Octane 92 petrol is that it is more efficient, increases the life time of the engine and parts, and is environment friendly, said the minister.

The daily requirement of petrol and diesel is 2,000 metric tonnes and 5,000 metric tonnes. Six hundred metric tonnes of petrol is supplied daily by the Sapugaskanda refinery.

In the recent past, there was a rapid increase in fuel usage. The Petroleum Cooperation faced a daily loss of Rs 16 million in 2013 which is lower than 2012, said the minster.

(Courtesy: Daily News)