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IOC Petrol price increased following agreement made with UNP Govt. in 2003: Amaraweera

21 May 2020 06:23 pm - 20     - {{hitsCtrl.values.hits}}

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According to the agreement made with the Indian Oil Corporation (IOC) in 2003, the IOC has no need of informing the subject Minister regarding their sudden fuel price hikes but should obtain special permission from the Finance Ministry, Petroleum Minister Mahinda Amaraweera said.   

While holding a special discussion at the Power and Energy Ministry today he said, according to the available information, the IOC had directed a letter in this regard for the attention of the Finance Ministry.

However, the sudden fuel price increase at IOC had taken place according to the agreement made with the Petroleum Minister during the UNP Government in 2003, Minister Amaraweera said.

Therefore, the present Power and Energy Ministry had no intervene with the IOC’s recent fuel price hike. 

But, Minister Amaraweera had advised the Ministry Secretary Ms Wasantha Perera to prepare an immediate report regarding the agreement and hand over to him as soon as possible. 

After the report, the Ministry would be able to seek any amendments to the agreement considering present situations.

However, no decision would be taken to increase fuel prices at Ceylon Petroleum Corporation following the IOC fuel price increase, the Minister said.

The IOC had pointed out that the price of a litre of 92 Octane was increased due to the special tax imposed by the government on the reduction of fuel prices in the world market, the Minister added. (Chaturanga Samarawickrama)

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  Comments - 20

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  • Anthony Thursday, 21 May 2020 07:49 PM

    Remember that you also was a part of the Yahapalana with UNP, its very easy to put the blame to others to cover your sins. All you guys are the same.

    Prof J Thursday, 21 May 2020 07:59 PM

    IOC claim price increased due to new TAX imposed by Government.. so what 2003 agreement have to do with it :)

    Dee Thursday, 21 May 2020 10:22 PM

    People have been fooled enough! Go. Home!

    Janaka Thursday, 21 May 2020 10:27 PM

    In 2003 UNP was not in power, why now all of a suddenly price increased, now you are in power nothing to do with UNP government, what is the commission percent you are getting,

    Saman Thursday, 21 May 2020 10:33 PM

    Don't Bullshit and mislead public any more. Whole world, past 4 weeks petrol prices droped. BTW Sri Lanka maintained old prices and now some more increased. If you'll can't run a government resigned with a dignity. Shame!!!

    Veerasingam Kumaresh Thursday, 21 May 2020 11:10 PM

    Oh I didn't know that the Finance Ministry is under another government. What a clown, this man.

    Prince Jayakody Friday, 22 May 2020 08:43 AM

    Very true. Now this government is pointing fingers at anyone to get away from there failures.

    Binkunda Friday, 22 May 2020 05:27 AM

    Oh, this clown thinks the people are fools. You might be proven correct when you hear the election results in a few weeks.

    RoshanW Friday, 22 May 2020 06:38 AM

    How does a brain dead idiot and BS artist become a minister??

    neil@gmail.com Friday, 22 May 2020 06:58 AM

    So Finance ministry had given the OK?

    DJ Friday, 22 May 2020 07:05 AM

    Do not make peoples blood to boil, idiot of a minister

    Sri Wickrema Friday, 22 May 2020 07:12 AM

    Special permission is required from the Finance Ministry to increase the price you said. Now the Ministry is under UNP ? You are looking for a scapegoat. However, we are certain that this is a harbinger to increase CPC prices too.

    Sid Friday, 22 May 2020 07:22 AM

    All motorists should boycott IOC stations

    Bhatiya Siriwardena Friday, 22 May 2020 08:21 AM

    Why the Finance ministry did not refuse? Laughing stock

    Chandana Friday, 22 May 2020 08:21 AM

    Go home useless idiot

    alex Friday, 22 May 2020 08:54 AM

    agreement made in 2003 and implemented 2020 what a joke in between your party has been in power and what did you do about it

    BuffaloaCitizen Friday, 22 May 2020 09:08 AM

    "I will not hesitate to withdraw..." who is the puss chandiya who said that recently. Why don't your'll walk the talk, cancel IOC and send them home?

    MFSP Friday, 22 May 2020 09:12 AM

    I appreciate the attitude of the present minister. According to him all what the previous government did or planned will be carried out. What is he talking about.

    DP Friday, 22 May 2020 03:27 PM

    First the Government increases taxes while world prices are going down, then they try to blame Lanka IOC and then a 2003 agreement

    Thushara Saturday, 23 May 2020 12:35 PM

    Which means IOC has informed FM before pricea were increased ??????


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