Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka Marxists accuse government of gaining unfair profit from petroleum sales
Sun, Feb 24, 2013, 10:46 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 24, Colombo: Propaganda Secretary of the Marxist party Janatha Vimukthi Peramuna (JVP) Vijitha Herath says the government is gaining an unfair profit from fuel sales.

He pointed out that the state-owned petroleum supplier, Ceylon Petroleum Corporation (CPC) could sell a liter of petrol at Rs. 120 inclusive of all taxes, port charges, production costs and refinery expenses.

The JVP MP says the price of a liter of petrol is Rs. 84.18 when disembarked and the government is gaining an unfair profit of Rs. 42 a liter. A liter of diesel is sold at Rs. 112 although it could be sold at Rs. 108, the MP further said.

Herath added that the privately held Lanka Indian Oil Corporation (LIOC) also gains a profit of Rs. 45 from a liter of petrol.

Petroleum Minister Anura Priyadarshana Yapa said the CPC lost Rs. 89 billion due to the subsidies on fuel. He said the CPC even with the recent hike still subsidizes Rs. 10 rupees on each liter of diesel.



ColomboPage - Recent 10 Stories
Government to develop Eastern port city of Trincomalee as an agriculture and energy hub
-- [1 hour and 14 minutes ago]
Australia deports 12 Sri Lankan asylum seekers
-- [1 hour and 40 minutes ago]
Major General Sumith Manawadu of Sri Lanka Army passes away
-- [3 hours ago]
US company to recruit 3,000 Sri Lankan nurses for US hospitals
-- [4 hours ago]
War Heroes Commemoration Month declared open in Sri Lanka
Narahenpita Police OIC arrested for concealing evidence in rugby player's death further remanded
CSE and CFA Society Sri Lanka ring opening bell in support of 'Putting Investors First Month' campaign
Sri Lankan President advises officials to take decisions fearlessly to protect environment
Sri Lanka Navy arrests five Indians smuggling Ganja in to the island through sea
Sri Jayewardenepura University and Lipton to uplift productivity of Sri Lankan tea lands

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.