CPC requests fuel price hike

CPC requests fuel price hike

October 11, 2021   12:02 pm

The Ceylon Petroleum Corporation (CPC) has requested the government to increase fuel prices. 

CPC Chairman Sumith Wijesinghe said that petroleum corporation needs to increase fuel price in order to off set world market price hikes. 

Speaking to reporters today, he said that the CPC is currently incurring a loss of Rs. 14.56 per litre of petrol and a loss of Rs. 31.46 from a litre of diesel. 

He said the CPC has incurred losses to the tune of Rs. 70 billion as of August 31, 2021. 

He said that the CPC should therefore go for a fuel price hike at this moment and that they are requesting the government on this urgent need. 

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

🔴LIVE | Ada Derana Midday Prime News Bulletin

🔴LIVE | Ada Derana Midday Prime News Bulletin

Gems and jewellery can become Sri Lanka’s 2nd largest export earner – NGJA Chairman (English)

No decision has been made to restrict vehicle imports -CBSL (English)

“Ignoring peoples' language rights led to an arms struggle” - Justice Minister (English)

FSP demands names of companies behind red-flagged containers (English)

LIVE🔴 Ada Derana Prime Time News Bulletin 6.55 pm

LIVE🔴Ada Derana Lunch Time News Bulletin 12.00 pm

Recommendations on admissions to KDU Medical Faculty: Annual admissions to be limited to 150 (English)