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
Procedure announced for foreign passport holders traveling to Sri Lanka's North
-- [2 hours ago]
Sri Lanka Army to take control of relief centers for landslide victims
-- [3 hours ago]
Sri Lanka's Carson group completes acquisition of Millers Brewery
-- [4 hours ago]
Controversial Sri Lankan Minister's son assaulted at night club
-- [4 hours ago]
Lee Hedges Investments enters into lease agreement with Sri Lanka's UDA for a mixed development project
-- [5 hours ago]
Sri Lanka to launch two projects to enhance power sector capacity
-- [6 hours ago]
India to contest Sri Lanka court's death sentences of fishermen through legal process
Sri Lanka to establish a new Vessel Monitoring System (VMS) to monitor fishing boats
India pledges Rs.10 million as immediate relief for Sri Lanka landslide victims
Sri Lanka national carrier receives first of six new A330-300 on order

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.