CPC manufactures lubricant oil for the first time in SL

5 June 2020 02:12 pm - 10 - {{hitsCtrl.values.hits}}

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The Ceylon Petroleum Corporation (CPC) has commenced manufacturing of Lubricant Oil for the first time in the history, Petroleum Minister Mahinda Amaraweera said.

He said the annual local lubricant oil consumption in the country exceeded 65,000 Kiloliters.

“However, until now, we continued to import the required lubricant oil and therefore a large amount of foreign exchange flowed out of the country,” the minister said.

He said the CPC had manufactured lubricant oil on several occasions previously but the process was stopped due to various reasons.

Meanwhile, the CPC senior officials had informed the minister about the initiation of lubricant oil at their newly built high-tech plant.

“With the use of new machines, the CPC would be able to manufacture lubricant oil with a capacity of 33 Kilolitres annually,” the minister said.

He also said nearly Rs.30 billion had been spent to import 65,000 Kilolitres of lubricant oil last year.

The manufactured oil would be sent to the market under the brand name “CEYPETCO”.

“The manufacturing capacity is at seven per cent at the moment and it would be increased to 20 per cent by the end of this year,” the minister added. (Chaturanga Samarawickrama)

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Comments - 10

Sokrates Friday, 05 June 2020 04:59 PM

But better the minister try the new lubricant oil at first in his luxury vehicle.

Jayamini Perera Friday, 05 June 2020 07:27 PM

What bullshit! CPC was making lubricants long ago and it was making huge profits. A gay asshole called ranil wickramasinghe sold it to caltex in early 2000.

Thomas Pieters Friday, 05 June 2020 07:43 PM

Congratulations. A good example of "Import Substitution". The way forward towards greater self-sufficient economic development, to save foreign currency exchange and protect the SL Rupee value. More similar initiatives to follow ...!

K. L. Pathirana Friday, 05 June 2020 08:17 PM

Yes in deed just in time for the elections. We need the whole supply, all at once on the day of elections to screw the registered voters and their families for the next five years !!

Nathan Friday, 05 June 2020 08:17 PM

It is shocking that it has taken Ceylon Petroleum Corporation decades to master the technology of lubricating the oil. The other countries have been doing this from as early as the 70s. The blame lies in the corrupt men who ran the CPO as chairmen in the past.

SL in Qatar Friday, 05 June 2020 09:00 PM

Excellent, this will indeed reduce the cost of importing oils provided conforms to the vehicle manfacturers specifications, it will definitely be a turning point.

Bande Friday, 05 June 2020 09:23 PM

Congratulations.....import substitution is the way forward to correct many negative indicators of our National Accounts.

Samson Friday, 05 June 2020 09:29 PM

minister must go to school to learn CPC history.

Hiranya Udawatte Saturday, 06 June 2020 12:07 AM

OEM decides what engine lubricant is recommended in order to keep the warranty of expensive vehicle components. If one uses some other lubricant s the warranty becomes null

Samson Sunday, 07 June 2020 09:44 PM

Minister must have been in Montessori when the blending plant operated in Kolonnawa.

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CPC manufactures lubricant oil for the first time in SL

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