Friday, February 23, 2024

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CEYPETCO to issue fuel only for essential services, if prices not soared

The Ceylon Petroleum Corporation (CEYPETCO) is prepared to surge the fuel prices and has forwarded its proposals in this regard to the Finance Ministry and the Energy Ministry.

The CEYPETCO is of the view that the it cannot afford to operate without soaring the fuel prices.

The government, on the other hand, has not yet made any decision on soaring the fuel prices.

The matter was discussed at the Cabinet meeting two days ago, but no definite decision was made in this regard.

In the backdrop, the CEYPETCO believes that the Corporation can issue fuel only for the continuation of essential services, should the government fail to surge the prices.

Should the CEYPETCO implement its decision regarding the issuance of fuel, fuel will be released only to power plants, the railway services, passenger buses and the security forces.


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