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Amid the continuing economic crisis, Sri Lanka's state-owned fuel distributor Ceylon Petroleum Corporation (CPC) has hiked the price of kerosene to cut losses
The fuel sold through the public distribution system (PDS) is now priced at market rates.
Analysts say the subsidy burden on both LPG and kerosene is likely to be around Rs 35,000 crore
Price of jet fuel was marginally cut to Rs 51,696 per kilolitre