380 vehicle owners compensated by CPC

380 vehicle owners compensated by CPC

November 8, 2011   04:21 pm

The Ceylon Petroleum Corporation (CPC) has so far compensated 380 motorists, whose vehicles suffered damages after pumping substandard petrol, it was revealed by Petroleum Industries Minister Susil Premajayantha today.

The Minister said this in response to a special statement in Parliament by Chief Opposition Whip John Amaratunga, who also claimed the Global Market had nothing to do with the recent increase in fuel prices.

The UNP Parliamentarian pointed out the import of substandard petrol, the hedging deal and the leak in a pipeline supplying diesel to Kolonnawa as the main three factors behind the fuel price hike.

The Petroleum Minister however denied these allegations and affirmed that the reason fuel prices were increased was due to crude oil prices going up in the global market.

He further stated that the CPC would continue disbursing compensation to vehicle owners affected by the import of substandard petrol. 

CPC Director Champika Amarasekara had previously said that compensation will be provided to 3,000 complaints received and that disbursement of compensation will be completed before the end of November.

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