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
Malinga decides to play for Mumbai Indians at CLT20
-- [11 minutes ago]
Main opposition to visit Sri Lanka state enterprises without prior notice
-- [42 minutes ago]
Sri Lanka Marxist party leader discharged from hospital after accident
-- [1 hour and 14 minutes ago]
Coalition party of Sri Lanka n government to contest Uva PC separately
-- [6 hours ago]
Sri Lanka Navy arrests 50 Indian fishermen
-- [7 hours ago]
Sri Lanka Marxist party leader's driver arrested for the accident
-- [8 hours ago]
Sri Lankan President recalls valued contributions made by the Muslim community
-- [9 hours ago]
Decrease in respect for religious freedom in Sri Lanka as extremists target religious minorities - Report
Sri Lankan President hands over Buddhist relics to temples in US and Korea
Commercial Bank of Sri Lanka appoints Dheerasinghe as chairman

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.