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's Petroleum Resources Minister rules out giving concessions at a loss to CPC
Wed, Feb 26, 2014, 06:43 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 26, Colombo: Petroleum Resources Minister of Sri Lanka Anura Priyadarshana Yapa has ruled out granting concessions on fuel sales at a loss to the Ceylon Petroleum Corporation (CPC).

He has said that the CPC is not an institution that can give concessions and run at a loss.

The Minister has said that fuel cannot be given for free despite the belief by some that the CPC can give fuel for free. The Corporation needs to charge for the products sold like any other state institution, he has pointed out.

According to Yapa, State institutions will operate at a loss if the products are given at concessionary rates and the public will have to bear the costs to cover the losses.

He has further noted that the CPC now charges normal fuel rates from the Ceylon Electricity Board (CEB) as well.

ColomboPage - Recent 10 Stories
Sri Lanka to investigate claims of adoption fraud
-- [10 minutes ago]
British High Commission Colombo celebrates Britain's creative industries.
-- [8 hours ago]
Sri Lanka Premier pledges support from next year budget to uplift grassroot businesses
-- [9 hours ago]
Sri Lanka parliament passes bill to increase female representation in Provincial Councils with two-third majority
Sri Lanka electricity workers end strike, doctors to begin 24-hour anti SAITM strike
New initiatives to boost production of Sri Lanka porcelain, red clay and glass
Sri Lanka President, First Lady meet U.S. President and First Lady
Sri Lankan Court grants bail to former government officials Lalith Weeratunga and Anusha Palpita
Sri Lanka parliament temporarily adjourns due to Joint Opposition members' disruption
Much need to be done for peacebuilding and reconciliation in Sri Lanka - UN

Copyright © 2000, 2014 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.