Credit subsidy funds to CPC: UNP

19 Feb 2012 - {{hitsCtrl.values.hits}}

The main opposition UNP today requested the government to credit the funds allocated to provide subsidies to the fisher folk to the Ceylon Petroleum Corporation so that it would help bring down fuel prices.

This suggestion had been made by the fishermen’s organisations that rejected the subsidy offered by the government in the aftermath of the recent fuel price increase.

UNP National Organiser Daya Gamage told journalists today this suggestion by the fishermen was a practical one and should be implemented without delay. He said something has to be done to resolve the issues faced by the fishermen.

He said history had proved that too many subsidies would eventually be a failure as it had been seen in the pre 1977 era where the country ended up in an economic crisis largely due to subsidies and ration systems practised at that time. (YP)

Breaking News

Credit subsidy funds to CPC: UNP

Most Popular Articles

Breaking Down the Israel–Iran Conflict: What We Know So Far - Day 100

NIC mandatory for 2026 G.C.E. (O/L) exam applications: Examinations Department

2026 FIFA World Cup Schedule in Sri Lankan Standard Time

Senior lawyers challenge summons issued on High Court Judge

Mother wins three-decade legal battle over property against son

Major food supplier fined for selling expired products

Latest News

Denied a US visa to watch the World Cup? Have a free TV, says Argentine company

Rupee weakens further against USD

Ex-South Korean President Yoon Suk Yeol sentenced to 30 years in jail over Pyongyang drone plot

Defence Ministry fast-tracks veteran welfare

Ragama Hospital equipment restored, saving millions