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 government ally files petition before Supreme Court against 19th Amendment
-- [1 hour and 48 minutes ago]
Leaders of Sri Lanka political parties discuss controversy over post of Opposition Leader
-- [1 hour and 53 minutes ago]
Sidath Wettimuny appointed as head of Interim committee to run Sri Lanka Cricket
-- [2 hours ago]
Sri Lanka police use tear gas to disperse university students' march
-- [2 hours ago]
EU considering Sri Lanka's request to grant GSP+ concession, lift ban on fish exports
-- [4 hours ago]
Maldivian drug network in Sri Lanka busted
-- [4 hours ago]
Sri Lanka inflation drops to record low of 0.1% in March 2015
-- [5 hours ago]
Sri Lanka launches ten-year energy sector plan for knowledge-based economy
-- [7 hours ago]
Sri Lankan PM hits out at sports and business media in the country
-- [8 hours ago]
Sri Lanka's former Treasury Secretary questioned over oil hedging deal
-- [8 hours ago]

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.