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* Petroleum Minister says the government should decide raising fuel prices
Thu, Apr 19, 2018, 10:20 pm SL Time, ColomboPage News Desk, Sri Lanka.

Apr 19, Colombo: Minister of Petroleum Resources Development Arjuna Ranatunga says that the final decision on whether to increase fuel prices should be taken by the Prime Minister and the President.

He expressed this view addressing a function held today (19) to extend New Year wishes to the employees of the Ceylon Petroleum Storage Terminals, Ceylon Petroleum Corporation, and the Ministry.

Minister Ranatunga said no government has so far decided whether the Ceylon Petroleum Corporation or the Ceylon Petroleum Storage Terminal Company should be maintained as a profit-making institution or as a service provider to the public.

"However, this decision should be taken quickly as a government," he added.

"Also, lot of people are talking about whether oil prices will be raised or not. The Finance Ministry and the officials also have discussed this with us. But the government should decide on increasing or reducing oil prices. It should be taken by the cabinet, the President and the Prime Minister," he emphasized.

Addressing the gathering, Ceylon Petroleum Corporation (CPC) Chairman, Dammika Ranatunga said although the challenges were tough, so many accomplishments were made for the country during a short time. "It has been 10-11 months since we have taken over. But we were able to achieve many successes during this period. A number of projects that didn't get off to a start were either started or planned to start or finished. For example, the Ceylon Petroleum Corporation was able to call the tender and sign the contract within 45 days to build the fuel supply system for the new aircraft operating track at the Katunayake airport."

He said the CPC management have saved about $ 2 million for the country since Minister Ranatunga took over the Petroleum Ministry.

"Similarly, building the jet fuel filtering system recommended by the JIG institute in 2001 has not been started until we came. We have been able to finish it within four months," Dammika Ranatunga noted.

The CPC chairman said construction of a fuel tanks system in Kolonnawa has been started and the first of the system is being constructed now. Base plans have been prepared for another seven, he added.


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