CPC may have to take decision following IOC’s price surge: Dullas

Date:

The Ceylon Petroleum Corporation (CPC) may have to take a decision regarding the price of fuel following the decision taken by the Lanka IOC to increase fuel prices, said Cabinet Spokesman and Mass Media Minister Dullas Alahapperuma, speaking to the briefing held on announcing Cabinet decisions today (08).

However, neither a decision nor discussion has yet been taken place within the government on increasing fuel prices, the Minister revealed.

The IOC recently took steps to increase the prices of petrol and diesel, but Energy Minister Udaya Gammanpila commented that the CPC has not yet taken any decision in this regard.

The Cabinet Spokesman also commented on the ongoing cement shortage, stating that necessary instructions have been given to the Finance Ministry, the Central Bank of Sri Lanka (CBSL) and the Customs Department to overcome the shortage. The shortage of cement would not have any significant impact on the newly initiated development projects in the event that cement is not essential at the first stage of initiating projects, he added.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Donor Agencies Raise Alarm over Sri Lanka’s Electricity Act Amendments

By: Staff Writer June 26, Colombo (LNW):Three of Sri Lanka’s key...

Government Moves to Streamline Tourism Sector with National Council

Government Moves to Streamline Tourism Sector with National Council

Ceylon Tea Exports Brew Growth Amid Global Uncertainty

By: Staff Writer June 26, Colombo (LNW):Sri Lanka’s tea exports in...

SL–UK Chamber Strengthens Drive to Boost Trade and Investment Ties for Sri Lanka

SL–UK Chamber Strengthens Drive to Boost Trade and Investment Ties for Sri Lanka