News
Fuel prices to be increased instead of collecting arrears?
The trade unions are protesting a move by the Ceylon Petroleum Corporation (CPC) to raise fuel prices without collecting due payments worth Rs.234 billion from public and private sector institutions for supplying fuel from 2020 to June this year.
The highest amount to be obtained is for supplying fuel to the Ceylon Electricity Board (CEB) and private sector power plants for the production of electricity and this amount is Rs.128 billion.
According to a recent report compiled by the CPC, Rs.86 billion is owed from the CEB.
In addition, Rs.101 billion is to be collected from SriLankan Airlines, Sri Lanka Railways, Maganeguma, Western Provincial Road Development Authority, Sri Lanka Transport Board (SLTB) and Litro Company.
Apart from that, the trade unions said the CPC has to recover Rs.3 billion for supplying fuel to the military and the Police Department.
The CPC has to recover Rs.928 million from fuel distributors and others.
