With the increase of Ceylon Petroleum Corporation (CPC) fuel prices, the government will be compelled to control fuel distribution as oil reserves are currently dwindling .
According to CPC sources only 10 or so filling stations might have fuel and there was only around 1,500 metric tons of Petrol in the country.
This 1,500 MT can only be distributed to 200 filling stations, he said.He further stated that even the Diesel stocks in the country has come down to 8,000 to 9,000 metric tons.
However , the CPC will gain a profit of Rs. 68.61 from a litre of Octane 95 petrol and Rs. 15.57 on Octane 92 and also it gains Rs. 20.27 from super diesel.
However, the CPC incurs a loss of Rs. 8.52 from a litre of auto diesel and Rs. 334 per litre of kerosene
Sri Lanka has decided to implement a token system dedicated for filling stations to supply fuel for motorists waiting in line to obtain Petrol & Diesel.
Minister of Power and Energy Kanchana Wijesekera said the program will come into effect from Monday (27) and the assistance of Sri Lanka Police and Sri Lanka Army, Navy, and Air Force will be obtained to ensure the process is carried out smoothly.
With the increase of Ceylon Petroleum Corporation (CPC) fuel prices from early this morning, the estimated cost of imported refined petroleum products was released by the Power and Energy Minister.
Accordingly, the Ceylon Petroleum Corparation (CPC) will gain a profit of Rs. 68.61 from a litre of Octane 95 petrol and Rs. 15.57 on Octane 92 and also it gains Rs. 20.27 from super diesel.
However, the CPC incurs a loss of Rs. 8.52 from a litre of auto diesel and Rs. 334 per litre of kerosene
Two ministers will fly to Russia on Monday (27) for discussion on fuel imports and related matters, said Minister Kanchana Wijesekera during the media briefing.
The Minister said that bunker suppliers have been granted permission to deliver fuel for industries that deal in US currency established in Sri Lanka.
The Minister said that overseas fuel companies based in countries that produce fuel will be invited to set up business in Sri Lanka, and CPC filling stations will be provided as the CPC alone cannot undertake the burden of importing fuel to Sri Lanka.
He said the CPC will become a more service-provider based institution, to facilitate fuel imports.
If there is no foreseeable date for a ship carrying fuel to arrive in the country, in order to sustain the transport sector, fuel can only be provided to about ten filling stations from tomorrow (27) at most, trade union leader Annada Palitha mentioned.
These filling stations may receive this limited fuel if they make deals with close friends and relatives in power, who will undoubtedly make use of this fuel. Palitha said that crude oil for refineries are missing as well.
Commenting on power outages, the TU member mentioned that Kelanitissa alone needs 1,500 metric tons to function.“If we continue to give 1,500 MT fuel to power stations, the country will stop functioning in two days,” he added.
