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Plan to write off Rs.300mn worth debts of fuel station owners revealed

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A proposal has been made to get the Cabinet approval to write off an excess amount Rs. 300,882,260.78 due to the Ceylon Petroleum Corporation (CPC) from the filling station owners as bad debt, it is learnt.

The trade union representatives alleged that most of the filling station owners are friends and relatives of politicians, and that they are taking advantage of these connections.

The total amount owed to the CPC from the fuel distributors is over Rs.16 billion and Rs.300 million has been proposed to be cut off as the first stage.

The Aruna newspaper reported that the proposal is to be forwarded to the Cabinet this week.

This amount is estimated as the amount to be owed up to March 16, 2022.

It is estimated that this amount should be paid to the CPC under fuel price stabilisation which is the basis for calculating the discount amount to the filling station owners keeping up with fuel price fluctuations.

It is said that the recommendation to write off the amount owed as bad debt has been made based on the decision taken by the Board of Directors that the CPC cannot hand over filling stations with unpaid debt, to foreign investors.

Meanwhile, it was reported that the majority of the Deputy General Managers of the Board of Directors have expressed their disapproval of this decision.

A senior officer of the CPC revealed that only the Chairman, Deputy General Manager (marketing) and Marketing Managers have agreed to this decision.

The senior official also said that the ministry secretary also objected to the decision when there was an audit inquiry and a court case ongoing with regard to writing off the debt.

It was reported that this is being done as a preliminary stage measure to write off the amount to be charged from the filling stations when handing them over to Sinopec in China.

Although the distributors received high profits during the oil price hikes, it has been proposed to write off this amount considering the losses they incurred when oil prices were reduced.

More profits for Sinopec filling station owners

Meanwhile, it was reported that the Sinopec is giving a profit of Rs.6 per liter of petrol to the filling station owners while issuing fuel to the consumers Rs.3 less than normal prices.

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PCB postpones PSL

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The Pakistan Cricket Board (PCB) has announced the postponement of the remaining eight matches of the HBL PSL X.

A statement from Pakistan Cricket Board says : 

The last 24 hours have seen a worsening of the situation on the LOC, increased incursion of 78 drones, and the firing of surface to surface missiles from India.

The decision to postpone has been taken pursuant to advice received from the Prime Minister Mian Muhammad Shahbaz Sharif who has kept in view the reckless aggression from India that has escalated to a point where national attention and sentiments are rightly focused on the courageous efforts of the Armed Forces of Pakistan who are vociferously upholding the sovereignty of our beloved Pakistan.

The PCB and its players stand resolutely in solidarity with the families of the martyrs and our security personnel defending the nation.

The PCB recognizes the efforts and support of its partners, franchises, participating players, broadcasters, sponsors, and organizers in having ensured the smooth conduct of the tournament thus far, however; cricket while being a unifying force and a source of joy, must take a respectful pause when the country is facing such callous opposition.

We, at the PCB, also have sincere regard for the mental well-being of participating players and the sentiments of our foreign players, and we respect the concerns of their families who want to see them back home.

Yesterday, it was also announced that the IPL will also be suspended for a week.

Related News :

IPL suspended for a week over safety concerns

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Minister Nalinda elected President of Sri Lanka-India Parliamentary Friendship Association

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Minister of Health and Mass Media and Chief Government Whip Dr. Nalinda Jayatissa has been elected as the President of the Sri Lanka – India Parliamentary Friendship Association for the Tenth Parliament, the Department of Communications of Parliament said.

The revival meeting of the Friendship Association was held on May 08, 2025 in Parliament under the patronage of the Speaker of Parliament, Dr. Jagath Wickramaratne.

The High Commissioner of India to Sri Lanka, Santosh Jha, graced the occasion as the Guest of Honor. The event was also attended by the Deputy Speaker of Parliament, Dr. Rizvie Salih, the Leader of the Opposition, Sajith Premadasa, Ministers, Deputy Ministers, Members of Parliament, and the Secretary General of Parliament, Mrs. Kushani Rohanadeera.

At the meeting, Member of Parliament Dr. Kavinda Jayawardhana was elected as the Secretary of the Sri Lanka – India Parliamentary Friendship Association, the statement added.

During the meeting, representatives from both Sri Lanka and India highlighted the deep-rooted and enduring relationship between the two nations, spanning centuries. They emphasized the importance of strengthening parliamentary cooperation through exchange programs and sustained dialogue, according to the statement.

The Speaker expressed appreciation for India’s steadfast support during Sri Lanka’s most challenging times. He also highlighted the recent state visit of President Anura Kumara Dissanayake to India as a key milestone that has opened new avenues for bilateral collaboration. 

He also expressed his gratitude for organizing the upcoming Capacity Building Programme for newly elected Members of Parliament of Sri Lanka, to be conducted by the Bureau of Parliamentary Studies and Training of India later this month, it added.

Addressing the gathering, the High Commissioner of India to Sri Lanka, Santosh Jha, recalled the successful visit of the Indian Prime Minister Narendra Modi to Sri Lanka and reaffirmed India’s commitment to support Sri Lanka across multiple sectors as a close and trusted neighbor.

In his speech, the newly elected President Dr. Nalinda Jayatissa emphasized the vital role of the Friendship Association as a bridge between the two Parliaments and expressed confidence in fostering meaningful engagement to deepen the already strong ties between Sri Lanka and India, it said.

Delivering the vote of thanks, the Secretary of the Friendship Association he Dr. Kavinda Jayawardhana conveyed his heartfelt appreciation to India for its enduring friendship and reaffirmed Sri Lanka’s commitment to continued cooperation.

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Vesak week commences tomorrow

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The National Vesak Week will commence tomorrow (May 09), under this year’s theme of “Let’s associate with noble people with good qualities.”

According to the secretary to the Ministry of Buddha Sasana, Religious and Cultural Affairs, W.P. Senadheera said that it will continue until May 16.

The official inauguration ceremony will take place tomorrow at the Nuwara Eliya Buddhist Center, under the patronage of President Anura Kumara Dissanayake.

Sri Lanka Railways has announced special train services during the Vesak week and the long weekend.

Meanhwile, the Ministry of Public Administration has ordered the closure of slaughterhouses, meat vendors, casinos, and clubs nationwide from May 12 – 14 May for the state Vesak Festival. 

A circular issued on April 29 instructs all relevant businesses to comply during the period.

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