The Ceylon Petroleum Corporation (CEYPETCO) in a second raw has proposed the government to surge the prices of fuel in consideration of the soaring crude oil price in the global market.
Accordingly, the said proposal has been given to Udaya Gammanpila the Subject Minister.
Pointing out the dire need of soaring the fuel prices due to the global prices, the CEYPETCO revealed that it incurs a loss of about Rs. 50 per litre of diesel and about Rs. 15 per litre of petrol.
Following the price hike by the Lanka IOC on February 06, demand has increased in the CEYPETCO sheds.
Despite the request, no feedback was received from the side of the Ministry to date, it added.