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
First Sri Lankan climbed Mount Everest returns safely
-- [4 hours ago]
NGO condemns appointment of an official accused of financial misuse as an Additional Secretary to a ministry
-- [4 hours ago]
Government grants concessions on the clearance of essential items necessary for disaster relief services
-- [5 hours ago]
Sri Lanka Prime Minister orders Central Bank to submit quarterly reports of bond sales to parliament
-- [6 hours ago]
World Bank responds positively for Sri Lankan President's request for financial assistance
-- [7 hours ago]
Lanka IOC offers Rs. 5 million for disaster relief in Sri Lanka
-- [8 hours ago]
Sri Lankan Minister, Thai Deputy PM discuss strengthening ties
-- [8 hours ago]
Sri Lankan President assures sufficient financial resources to deliver maximum disaster relief to victims
-- [9 hours ago]
Sri Lanka's Hayleys completes strong year of growth; posts Rs. 6.8 billion in PBT
-- [9 hours ago]
Sri Lanka Navy assists repatriation of 34 Indian Fishermen
-- [9 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.