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Sri Lanka reduces kerosene prices for second time this year

COLOMBO, March 1 (Xinhua) — Sri Lankan President Ranil Wickremesinghe on Wednesday endorsed a proposal by state-owned fuel importer and distributor Ceylon Petroleum Corporation (CPC) to lower the price of kerosene, after a January cutback.

The President’s Media Division (PMD) announced that the price reduction will come into effect from March 1 midnight.

The price of a liter of kerosene oil has been cut