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Local fuel prices will remain stable: Gammanpila

26 November 2020 04:20 pm - 10     - {{hitsCtrl.values.hits}}

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Local fuel prices will remain stable despite fluctuations in the world market, Minister of Energy Udaya Gammanpila said today. .

The Minister said this at the Ministerial Consultative Committee meeting on Energy in response to a concern raised by Member of Parliament Wasantha Yapa Bandara regarding the approaches to alternative sources of energy given that the Ceylon Petroleum Corporation has been incurring loss continually despite the change of regime in governance.

Elaborating on the above, the Minister stated that constant fluctuation of fuel prices had been largely felt by those who relied heavily on public transport and therefore it had been decided to maintain a fixed fuel price and that they were looking at the establishment of a stabilisation fund by studying contemporary market trends.

Government MP Udayana Kirindigoda expressing his views pointed out that petroleum was previously transported by rail which resulted in the development of storage facilities near railway stations such as Peradeniya. However, he emphasised that given that petroleum was being transported via bowsers at present that were facing increased traffic congestion and resources were not being utilised properly.

Acknowledging the aforesaid, Mr. Gammanpila stated that in addition to heavy congestion and the underutilisation of resources, it was also costly and contributed largely towards environmental pollution. He said that at present 35% of the fuel was transported by rail and 65% by bowsers and that he wished to increase transportation of petroleum via rail by 60% whilst maintaining the balance between the distribution of petroleum by the modes of both bowser and rail.(Yohan Perera and Ajith Siriwardana)

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  • Paan Thursday, 26 November 2020 05:24 PM

    With all new gas taps open, no problem until they run out of gas!!!

    Sokrates Thursday, 26 November 2020 06:09 PM

    The oil prices are still very low in the world market. After the change of government the new government never came down with the fuel prices. The only reason, that the CPC is running at a loss can be only, that Gota transferred to much money from the CPC to his Virgin Islands account.

    Silva Thursday, 26 November 2020 07:15 PM

    since nearly a year the oil prices per barrel fell to a record low. In every country the fuel prices were falling too, but not in Sri Lanka. The government has earned billions. Therefore they should not even think to raise the prices for next year also.

    Gunadasa Thursday, 26 November 2020 07:19 PM

    Yes,it has to be when the prices came down you didn't reduce.So please it has to remain without changes

    Chux Thursday, 26 November 2020 07:39 PM

    Do you call it stable when the world market prices have plunged to all time low

    roni Thursday, 26 November 2020 08:24 PM

    What did the Govt do when world prices crashed in March 2020 they reaped in profit. You have no right to revise prices, better join wimale and do a hunger strike in front of USA embassy based on Obama latest book.

    Alex Thursday, 26 November 2020 11:10 PM

    Do any of you guys believe what he and Weerawsnse say??? They are the "foot in the mouth" couple... Hahaha

    Manta Friday, 27 November 2020 07:24 AM

    Gammampila runs on water!!!

    Sambo Friday, 27 November 2020 09:07 AM

    Oh! so you are back with you quack, quacks. Where were you hiding these days or preparing a place to hide.

    Samson Friday, 27 November 2020 11:19 AM

    Nice that our prices are stable when world prices are dropping!


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