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
Sri Lanka to set up a joint operation center to combat drug trafficking
-- [1 hour and 55 minutes ago]
Court rejects bail to former LTTE leader-turned deputy minister Karuna Amman
-- [2 hours ago]
Former minister Tissa Attanayake granted bail
-- [3 hours ago]
Sri Lanka tile importers commend Finance Ministerís initiative to maintain duty, cess reduction
-- [5 hours ago]
Religious freedom has been ensured and strengthened in Sri Lanka - President
-- [6 hours ago]
Voices unheard in Parliament; Budget fails to see largest minority!
-- [7 hours ago]
Japanese Naval Ship arrives at the Port of Colombo
Sri Lanka ranked 103rd in Global Enabling Trade Index
World Bank to provide US$ 70 million to uplift Sri Lanka's plantations sector
Health Minister launches an inquiry into a prison doctor

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.