UNP slams govt. for fuel hike

31 Oct 2011 - {{hitsCtrl.values.hits}}

Slamming the government for the fuel price hike, the main opposition UNP said today that institutions including Mihin Lanka and SriLankan Airlines owes the Ceylon Petroleum Corporation (CPC) instead of putting the burden on the people to meet the losses.

Official Spokesman of the UNP and Member of Parliament Gayantha Karunatilleke said that blaming global crude prices is not a valid argument for the price hike as the current price of a barrel is only US$ 121, while the price of a liter is only Rs.85 inclusive of all duties when it reaches the Colombo Port. Therefore he said it is unfair to sell a liter at an exorbitant price of Rs.131.

He said at a news conference today that the CPC had suffered heavy losses due to the un-recovered loans from state institutions and state companies and because of fraudulent deals such as the inferior quality petrol fiasco. He said it is not fair to increase prices to recover these losses instead of taking proper steps to resolve these matters. With regard to the inferior quality petrol drama, the MP said, no action had been taken to bring those who were responsible to book and to recover the losses. (Yohan Perera)

Breaking News

UNP slams govt. for fuel hike

Most Popular Articles

Alleged mastermind behind Rs. 210 Billion illegal Dollar transfer network arrested

Sri Lankan Rupee appreciates further against US Dollar

Mahayaya Vinita Thera no longer a monk, probe underway

Sri Lankan monk among seven arrested in Boston prostitution sting, resigns from post

Sri Lanka find right combination in WI defeat

India ready for work once Sri Lanka green-lights project

Latest News

Sri Lanka out of Women’s T20 World Cup despite Ireland’s stunning victory over West Indies

Police tighten action against reckless driving to prevent fatal accidents

Dr. Chandika Epitakaduwa elected new GMOA president

Education Ministry ready to implement grade 6 reforms next year

Supreme Court conducts fully digital, paperless 735 Attorneys-at-Law oath ceremony