CEYPETCO proposes price hike again!

Date:

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.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Digital Transformation Hits a Wall: Company Registrar System Collapse Sparks Concerns Over Government’s Vision

To curb corruption and deliver more efficient, transparent public...

Sri Lanka Steps Up Anti-Money Laundering Fight with Oman Pact and Global Collaborations

In a significant move to strengthen its capabilities in...

Sri Lanka to Launch Biometric Passport Services at Overseas Missions

In a major digital upgrade to its consular services,...

UDA Resumes Stalled Housing Projects amid Anti-Corruption Drive

The Urban Development Authority (UDA) has announced the resumption...