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CPC paid over $17mn. as demurrage costs in the last 2 years!

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The Ceylon Petroleum Corporation (CPC) had been compelled to pay USD 170,873,816 as demurrage costs in the last 02 years for oil shipments obtained out of procurement process and under emergency purchases.

A state audit has revealed that the CPC has paid USD 1,651,470 in 2021 and USD 169,222,346 in 2022 as demurrage costs.

The cost has risen by 924 per cent in 2022, compared with the previous year.

In addition to demurrage costs, a large sum has been footed as premiums, reports add.

Meanwhile, CPC officials were summoned to a COPE meeting last week. During the meeting, it was revealed that while there are no demurrage costs in 2023,  such costs which took place in 2021 and 2022 still exist.

Also, the Auditor General had mentioned that a special audit investigation has been initiated in this regard and the report will be prepared and completed within a month. The Auditor General pointed out that the matter can be discussed at length after the report is compiled.

During the meeting, it was also discussed whether steps have been taken to recover  USD 21 million that should be collected due to the non-delivery of crude oil as agreed with suppliers.

(Source : Divaina)

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CoI on Deshabandu concludes examining evidence by both parties

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The examination of evidence by both the Respondent and the Prosecution before the Committee of Inquiry concluded.

The Committee recommends that both parties submit their written submissions to the Committee of Inquiry before 3:30 p.m. on the 8th of July.

Examining evidence before the Committee of Inquiry to inquire and report its findings on IGP T.M.W. Deshabandu Tennakoon in respect of acts of gross abuse of power, concluded yesterday (July 01), with the presentation of evidence by both the Respondent, representing Inspector General of Police Deshabandu Tennakoon and the Prosecution.

The Committee of Inquiry, chaired by Supreme Court Judge P.P. Surasena and comprising Justice W.M.N.P. Iddawala and E.W.M. Lalith Ekanayake, Chairman, National Police Commission, convened today, during which, testimonies were obtained from two additional witnesses by the Prosecution.

These two witnesses had been overseas on official duty. Thus, in accordance with the prior agreement between the two parties, reached to obtain the evidence post June 26, held before the Committee of Inquiry with the participation of Additional Solicitor General (President’s Counsel) Dileepa Peiris and 

Deputy Solicitor General Rajitha Perera, representing the Attorney General’s Department, and R.S. Weerawickrama Attorney-at-Law, appearing on behalf of the Inspector General of Police, it was decided to record the statements of these two witnesses today.Furthermore, both the Prosecution in representation of the Attorney General’s Department and the Respondent Inspector General of Police agreed to submit their respective written submissions to the Committee of Inquiry before 3:30 p.m. on July 08, 2025.

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Govt to present 2026 Appropriation Bill in October

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Cabinet approval has been granted to a proposal presented by President Anura Kumara Dissanayake in his capacity as Minister of Finance , Planning and Economic Development to present the Appropriation Bill for the year 2026 to Parliament in October 2025.

Approval has also been granted to present the Budget speech in November 2025 and to hold the third reading and budget debate during November and December.

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This week’s Cabinet decisions

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A number of decisions have been taken at the Cabinet meeting held yesterday (July 01).

The decisions taken by the Cabinet of Ministers are as follows :

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