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Petrol crisis resulted from failure to maintain buffer stock

2017-11-15 09:01:42
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The Cabinet sub-committee appointed to look into the recent petrol crisis, has found that the failure to maintain buffer stocks and the absence of a mechanism to carry out emergency supplies was what resulted in the shortage.

The committee, headed by the Minister Sarath Amunugama, handed over the report to President Maithripala Sirisena at yesterday's Cabinet meeting.

The committee which was given more time to carry out further investigations on the matter, raised doubts as to how the delay in the arrival of the two shipments -- one ordered by the Ceylon Petroleum Corporation (CPC) and the other by the Lanka Indian Oil Company (LIOC) -- arriving in Sri Lanka and the breakdown of the refinery happening simultaneously.

It takes 21 days to import a shipment of fuel after placing an order and in a worst case scenario, 62,000 to 65,000 tonnes of petrol should have been in storage during this period.

Based on the committee report Petroleum Resources Development Minister Arjuna Ranatunga had directed the CID to conduct an inquiry into this matter. (Kelum Bandara)


  Comments - 18

  • Palle Wednesday, 15 November 2017 11:05

    That mean big talk Arjuna and his brother failed in his duty.

    Reply : 0       15

    Summa Wednesday, 15 November 2017 11:08

    Ha Ha .... what a revelation .... A couple of 5th Grade students would have concluded a better report. It seems a simple Wine Store in a far-away village maintains a better stock than CPC. The subject minister says 2 ex-ministers were the culprits and this 'report' couldn't find that !! What a waste of our money and even more what a shocking eye-wash !!! This is the reward we get for being born in Sri Lanka. A bunch of crooked politicos including the dishonest PM.

    Reply : 1       23

    DN Wednesday, 15 November 2017 17:41

    Good point. Can have mathematical question in grade 5 scholarship exam based on this.

    Reply : 0       2

    Miji Wednesday, 15 November 2017 11:18

    ඉතින් ඕකට කොමිටි ඕනෙද, ඕක ඕන බබෙක්ට තේරෙනවනේ අතිරේක තොග නැති නිසයි පෙට්‍රෝල් හිගයක් ඇතිවුනේ කියල.

    Reply : 1       12

    Kadiya Wednesday, 15 November 2017 11:23

    If it was done on purpose for the sake of sabotage then Arjuna is right, after all he was a successful cricket captain who saw how the pitch behaved!!!

    Reply : 5       1

    Mark Wednesday, 15 November 2017 11:25

    This smells of sabotage with or without the willing connivance of the Ranatunge brothers. That this happens just before the budget which in turn was just before an election is a very sordid affair. It was then exploited very efficiently to cause maximum damage to the government by the J.O. Many rats were at work to pull this off. The question is will they be punished? Will heads roll?

    Reply : 3       8

    MSR Wednesday, 15 November 2017 11:46

    Isn't that obvious!

    Reply : 1       17

    Nalin Wednesday, 15 November 2017 11:49

    It is very easy to figure out that lack of buffer stocks resulted in a fuel shortage. The important thing is to find out whose responsibility it is to ensure that sufficient stocks are available at any given time and then to make it known to all citizens and finally, kick them out.

    Reply : 0       19

    sobers Wednesday, 15 November 2017 12:11

    So senior managers down the line doesn't understand basic logistics. sack them!

    Reply : 0       17

    Kale Wednesday, 15 November 2017 13:10

    Couldn't run a supermarket let alone run a country.

    Reply : 0       10

    johan Wednesday, 15 November 2017 12:30

    Why there is no subject minister and state minister to look into this periodically. Is that necessary to appoint a cabinet sub committee to give a report on this subject

    Reply : 1       11

    Unbiast Wednesday, 15 November 2017 14:00

    ... to get unbiased report

    Reply : 0       4

    Dilan Wednesday, 15 November 2017 12:53

    its obvious that its the CPC fault and Arjuna should be held responsible... he is dreaming of becoming SLC president instead of doing his job... if he can tell sumathipala to resign then he should resign first

    Reply : 0       8

    Brainmaster Wednesday, 15 November 2017 13:18

    Obviously some officers work for MR. Must find out and sack them. And take them to courts for sabotage. via DM Android App

    Reply : 2       6

    slip Wednesday, 15 November 2017 13:28

    need a runner until explore from Trinco or Pesale where there was a stock earlier.

    Reply : 0       2

    Sincere Wednesday, 15 November 2017 14:19

    Don't complain to us. We appointed you to do the job. Now pls take remedial action whatever it is!

    Reply : 0       5

    kaboos Wednesday, 15 November 2017 15:04

    Nobody in this world who could correct the past mistakes at least future you can turn around for a better position..

    Reply : 0       2

    AM Wednesday, 15 November 2017 18:22

    Now chapter closed

    Reply : 0       0

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