Srilanka, March 5 -- Health and Mass Media Minister Dr. Nalinda Jayatissa announced that the petroleum distributors have agreed to implement the new oil formula introduced by the Ceylon Petroleum Corporation (CPC).

Speaking at yesterday's (4) Cabinet decision announcement media conference, the Minister stated that following a discussion held with petroleum distributors, the CPC has reached an agreement to implement the new oil formula. "During the implementation of this new formula, a follow-up discussion is scheduled for March 18 to consider the distributors' suggestions," the Minister added.

"The commission money obtained by the petroleum distributors over the past period has been confirmed as illegal by the judiciary. Due to the Cor...