The government today said that it is unable to pass on the benefit of international oil prices due to heavy losses faced by the Ceylon Petroleum Corporation (CPC).
Co-cabinet Spokesperson Minister Bandula Gunawardana today said that the CPC had incurred a loss of Rs. 12 b as a result of the government's decision to maintain fuel prices at the same rate.
According Gunawardana, CPC suffers a loss of Rs.9 per litre of petrol, a loss of 12 per litre of diesel and a loss of Rs. 5 per litre of super diesel.
He said due to this the government was not in a position to further reduce fuel prices.
Following the presidential elections in November the new government scrapped off the price formula which was used to decide the prices of fuel based on international oil prices.
Unable to pass international oil price benefit due to CPC losses : Bandula
30 Jan 2020
Unable to pass international oil price benefit due to CPC losses : Bandula
30 Jan 2020
The government today said that it is unable to pass on the benefit of international oil prices due to heavy losses faced by the Ceylon Petroleum Corporation (CPC).
Co-cabinet Spokesperson Minister Bandula Gunawardana today said that the CPC had incurred a loss of Rs. 12 b as a result of the government's decision to maintain fuel prices at the same rate.
According Gunawardana, CPC suffers a loss of Rs.9 per litre of petrol, a loss of 12 per litre of diesel and a loss of Rs. 5 per litre of super diesel.
He said due to this the government was not in a position to further reduce fuel prices.
Following the presidential elections in November the new government scrapped off the price formula which was used to decide the prices of fuel based on international oil prices.
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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!