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Message: <blockquote data-quote="chamithal" data-source="post: 511103" data-attributes="member: 12499">Ceylon Petroleum Corporation mulls another fuel price hikeTuesday, May 15, 2007, 14:58 GMT, ColomboPage News Desk, Sri Lanka.May 15, Colombo: Sri Lanka’s government-owned petroleum enterprise Ceylon Petroleum Corporation (CPC) will recalculate the world fuel market prices at the end of this month to decide whether to increase the fuel prices in the local market.Fuel prices in the local market were increased three times within three weeks due to the price hikes in the world market. CPC Chairman Ashantha de Mel said the price of a barrel of petrol in the world market is US $ 86 now.CPC Chairman said that CPC is following various measures to control the increase of fuel prices and the losses of the CPC. They include oil hedging and the import of crude oil in order to refine in Sri Lanka.</blockquote>

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