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::

* Petroleum price can be reduced in Sri Lanka, says trade union
Sun, Aug 24, 2014, 09:52 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 24, Colombo: Trade unions of Sri Lanka petroleum authority, Ceylon Petroleum Corporation (CPC), say the government can reduce the current petroleum price in the country to provide relief to the public.

The secretary of the opposition United National Party (UNP) affiliated Jathika Sevaka Sangamaya, Ananda Palitha sad that the price of petroleum is low in international market now but the price is high in Sri Lanka since the high taxes imposed on them.

He also said that the demurrages and other costs incurred due to mismanagement also increase the price of petrol. The state institutions like Ceylon Electricity Board, which uses fuel oil for power generation, are also indebted to the CPC.

Opposition UNP MP Ravi Karunanayaka recently asked the President to reduce the fuel surcharge of the electricity bill to provide relief to the people.

Petroleum Industries Minister Anura Priyadarshana Yapa recently said the CPC sells diesel, furnace oil and kerosene oil at a loss and only earns profit from petrol sales. Despite the losses from selling fuel at subsidized prices, the government has not taken any decision to increase fuel prices, he added.

** Related Story :: No decision to increase fuel prices in Sri Lanka, Petroleum Minister says

ColomboPage - Recent 10 Stories
Sri Lanka, India fishermen talks may be take place on March 11 - report
-- [0 minutes ago]
Sri Lanka Central Bank removes restrictions placed on the access to the Standing Deposit Facility
-- [1 hour and 46 minutes ago]
UN committed to assist the process of accountability and reconciliation in Sri Lanka - official
-- [2 hours ago]
Sri Lanka stock exchange increases stakeholder engagement through social media
-- [2 hours ago]
Sri Lanka's Attorney General indicts UPFA MP and 12 others in former MP Premachandra's murder
-- [3 hours ago]
Sri Lanka's Mattala Rajapaksa International Airport to be closed at night to minimize losses
-- [3 hours ago]
Sri Lanka Customs seize another container with a stock of ethanol
-- [3 hours ago]
Sri Lanka Freedom Party prohibits party members from attending rallies of other political parties
-- [3 hours ago]
Sri Lanka Police arrest former LTTE women's wing leader
-- [3 hours ago]
"The final thought" : Indiana Buddhist Temple
-- [3 hours ago]

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.