Asela Sampath, Chairman of the Public Rights Protection Foundation, says that the Petroleum Corporation has gone bankrupt and the burden has fallen on the people due to the reckless rule of the 'political Appuhamis' who ruled the CPC for a long time.
Cabinet Spokesman, Minister Dullas Alahapperuma says that the country's foreign reserves have plummeted and even the increase in fuel prices was one of the solutions to the rapid decline in foreign reserves.
An amount of US$350 – 400 million has to be spent every month on fuel imports leading to the rapid depletion of the country’s foreign reserves, Alahapperuma pointed out.