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::

* No decision to increase fuel prices in Sri Lanka, Petroleum Minister says
Wed, Aug 20, 2014, 02:05 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 20, Colombo: The Sri Lankan government has not taken any decision to increase fuel prices despite the losses from selling fuel at subsidized prices, Petroleum Industries Minister Anura Priyadarshana Yapa said.

Responding to a question raised on the prices of fuel in parliament Monday by opposition MP Gayantha Karunathilaka, the Minister said the petroleum authority, Ceylon Petroleum Corporation (CPC), sells diesel, furnace oil and kerosene oil at a loss and only earns profit from petrol.

He said the profit earned is also used for government's welfare services. The CPC has earned a profit of Rs. 2.6 billion during the first half of this year, the Minister added.

He said that measures have been taken to increase the capacity of Sapugaskanda Oil refinery by 50,000 barrels and the CPC has identified some investment opportunities including supply of fuel to aircrafts.

The CPC recently opened an oil storage complex and terminal at the Mattala International Airport to supply fuel aircraft arriving at the airport and an oil tank farm at the Hambantota Port to supply fuel for ships arriving at the Harbor.

ColomboPage - Recent 10 Stories
Rs. 5.7 million robbed from a stat bank ATM in Monaragala
-- [4 hours ago]
Sri Lankans urged to conserve water and electricity as rains not sufficient
-- [4 hours ago]
Prices of eye lenses to be reduced from next week
-- [5 hours ago]
Provincial Chief Ministers meet former President to unite Sri Lanka Freedom Party
-- [5 hours ago]
Extraordinary Gazette notification announces Right to Information Act to be enforced from February 3rd
Renuka City Hotel honors and rewards 46 long serving employees
Sarath Fonseka to be questioned further on Lasantha Wickrematunge murder
Sri Lanka will try to negotiate separate trade agreements with Britain - PM
International Commission of Jurists calls on Sri Lanka to implement recommendations of Consultation Task Force
President pledges to increase funding for research and development

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.