Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

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
CSE wins Global HR Excellence Award for Best Workplace Practices
-- [32 minutes ago]
State Fisheries Minister orders investigation into fire in the hi-tech fishing trawler on its maiden sail
-- [1 hour and 13 minutes ago]
Sri Lanka President receives warm welcome in Islamabad
-- [9 hours ago]
Bangladesh Navy ship Bangabandhu arrives at Sri Lankan port on goodwill visit
-- [9 hours ago]
Law & Order Minister says underworld is being effectively suppressed
Review of new electoral system needed - PM
UNP MPs sign motion expressing confidence in PM, debate on no-confidence motion on 4th April
UNP and UPFA decide to jointly establish power in Galle MC
Footsteps to Freedom II: Walking hand in hand towards better mental health in Sri Lanka
President orders immediate halt to construction projects, land filling in Muthurajawela sanctuary

Copyright © 2000, 2012 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.