Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

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
Government Analyst to examine the Dambulla food processing factory after toxic fumes killed two workers
-- [3 hours ago]
Lanka IOC raise fuel prices
-- [4 hours ago]
Pakistan pledges to strengthen economic and trade relations with Sri Lanka
-- [5 hours ago]
Sri Lanka to assume SAARC Chamber of Commerce and Industry presidency for next two years
-- [7 hours ago]
State revenue has increased during the past 18 months due to streamlining tax collection - Finance Minister
Sri Lanka Development Bonds issue for US$ 125 mn oversubscribed nearly 3 times
Sri Lanka Foreign Ministry introduces new system to submit documentation relating to Sri Lankans deceased abroad
Pakistan, Sri Lanka sign three MoUs to enhance bilateral cooperation
Sri Lanka Navy takes delivery of the second advanced warship made in India
Female Principal sentenced to 5 years rigorous imprisonment for taking bribe to admit student to first grade

Copyright © 2000, 2014 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.