CPC begun legal proceedings against fuel dealers who failed to maintain minimum stocks

By: Isuru Parakrama

Colombo (LNW): The Ceylon Petroleum Corporation (CEYPETCO) has informed that anticipating the fuel price revision next month, 101 fuel station dealers for 92 Petrol and 61 fuel station dealers for Lanka Auto Diesel have failed to maintain 50 per cent stock capacity, revealed Power and Energy Minister Kanchana Wijesekara.

These dealers, however, have placed adequate orders to maintain stock requirements as of yesterday (29), the Minister disclosed on Twitter.

Last month, the CEYPETCO took over the management of a few fuel stations that had not maintained minimum stocks and legal proceedings are being made on multiple other dealers as well, Wijesekara added.

CPC has informed that anticipating the fuel price revision next month, 101 fuel station dealers for 92 Petrol & 61 fuel station dealers for Lanka Auto diesel have not maintained 50% stock capacity & placed adequate orders to maintain stock requirements as of yesterday. Last month… pic.twitter.com/nsqtr16hN0

— Kanchana Wijesekera (@kanchana_wij) July 30, 2023