Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lankan government is gaining undue profit from petroleum- opposition
Tue, Dec 18, 2012, 12:05 am SL Time, ColomboPage News Desk, Sri Lanka.

Dec 17, Colombo: Sri Lanka's opposition United National Party (UNP) and the Marxist party Janatha Vimukthi Peramuna (JVP) charge that the government is gaining exorbitant profits from the petroleum tax.

Deputy Leader of UNP Sajith Premadasa said in a meeting held yesterday that the price of a liter of petrol is only Rs. 92 when imported. The government sells a liter of petrol at Rs. 149 per liter and further increased the price by Rs. 10 this week to Rs. 159, he pointed out.

The UNP Deputy Leader argued that a liter of petrol could be sold at Rs. 117 per liter with a fair profit.

According to JVP MP Anura Kumara Dissanayaka, the price of a liter of petrol when unloaded at the Colombo port is Rs. 89. He points out that the government is profiting around Rs. 60 per liter of petrol.

Both parties say that the government is gaining an undue profit from petrol and the recent increase of petrol price by Rs. 10 is unfair.

Dissanayaka further stated that the government granting permission to the Lanka Indian Oil Corporation (LIOC) to increase petrol price by Rs.10 per liter is very unfair.

He said that although the state owned Ceylon Petroleum Corporation is losing due to supplying petroleum to Ceylon Electricity Board on credit, the LIOC is profiting unduly.

** Related Story :: Fuel prices increased in Sri Lanka



ColomboPage - Recent 10 Stories
Sri Lanka, Pakistan should utilize the full potential of FTA - Pakistan PM
-- [6 hours ago]
Five Nigerian nationals remanded for violation of visa conditions
-- [7 hours ago]
Sri Lanka Speaker warns MPs against making insults and accusations in the House
-- [8 hours ago]
Russia will commit to provide benefits of bilateral relations to Sri Lankans - Russian Prime Minister
-- [8 hours ago]
Aitken Spence Cargo enters supply chain services contract with American & Efird Lanka
-- [9 hours ago]
Sri Lanka co-sponsoring resolution sends a strong signal on the importance the Government attaches to reconciliation and human rights - UK
Sri Lanka's Pan Asia Coloured Yarns awarded OekoTex Standard 100 and ISO 9001:2008 Certification
U.S. congress members signal greater engagement and support for Sri Lanka
President signs special gazette notification on declaring four forests near Wilpattu North Sanctuary as Conservation forests
Three soldiers arrested over the Rathupaswala shooting incident

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.