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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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Names of Mayors and Chairpersons of several LG bodies gazetted

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A gazette extraordinary has been issued containing the names of Mayors, Deputy Mayors, Chairpersons, and Vice-Chairpersons of several local government institutions.

The names have been gazetted based on recommendations sent to the National Election by political parties and independents groups that secured a majority in local government bodies at the recently concluded Local Government (LG) election.    

Accordingly, the Election Commission has taken steps to publish the names from among the political parties and independent groups that secured a majority at the Local Government election held recently.

The names of the elected and nominated members for the respective local authorities, following the Local Government election were also published in the government gazette based on the respective administrative districts.

As per the gazette notification issued by the Minister of Public Administration, Provincial Councils, and Local Government on February 17, 2025, the term of office of local government bodies is scheduled to commence on June 2, 2025

පළාත් පාලන ආයතනවල සභාපතිවරුන්ගේ නම් ඇතුළත් ගැසට් පත්‍රය නිකුත් කෙරේ by poornima

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Weather Alert: Showers to ease in Southwest, strong winds forecast in North

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Prevailing showery condition in the southwestern part of the island is expected to reduced gradually from today (01st)

Showers or thundershowers will occur at times in Western, Sabaragamuwa, Central and North-western provinces and in Galle and Matara districts.

Showers or thundershowers may occur at a few places in Uva province and in Ampara and Batticaloa districts during the afternoon or night.

Fairly strong winds of about (30-40) kmph can be expected at times over Western slopes of the central hills and in Northern, North-central and North-western provinces and in Hambantota and Trincomalee districts.

The general public is kindly requested to take adequate precautions to minimize damages caused by temporary localized strong winds and lightning during thundershowers.

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Aluthgamage and Fernando assigned printing work in prison

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Former Minister Mahindananda Aluthgamage and former Sathosa Chairman Nalin Fernando, sentenced this week to jail for 20 and 25 years, respectively, have been assigned duties in the printing section at the Welikada prison, sources said.

Both of them are being held together away from the main section of the prison’s ‘chapel’ section, where prisoners serving life sentences and those convicted of murder and rape are held. The prison’s printing section prints its own documentation.

Prison sources said that in placing them in relevant wards to serve their jail term, the authorities had taken into consideration the security of the two convicts, as they might have had political enemies.

Mr Aluthgamage was handed a 20-year term of rigorous imprisonment, while Mr Fernando was given a 25-year term of rigorous imprisonment by a High Court trial-at-bar after being found guilty of causing a Rs 53 million loss to the state.

They were accused of importing carrom boards and checkers boards through Sathosa during the 2015 presidential elections and distributing them to clubs.

Their lawyers said yesterday they were awaiting the certified copy of the judgement to prepare the appeal papers. The appeal will be considered by the Supreme Court.

(sundaytimes.lk)
(This story, originally published by sundaytimes.lk has not been edited by SLM staff)

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