Fuel tariffs were not increased properly: CPC Chairman

The Chairman of the Ceylon Petroleum Corporation, Attorney-at-Law Sumith Wijesinghe states that the CPC has not yet increased fuel tariffs properly.

The CPC Chairman stated that the fuel price increases only covers the losses incurred via the sale of two fuels, petrol and super diesel, and a loss of Rs. 120 was being incurred previously.

However, Wijesinghe stated that the matter was discussed at length and the fuel has been increased only by Rs. 55, when it should have been increased by Rs. 120.

Ceylon Petroleum Corporation took steps to increase fuel prices with effect from midnight yesterday (11).

Accordingly, 92 Octane Petrol has been increased by Rs.77 to Rs.254 per liter, 95 Octane has been increased by Rs. 76/-, to Rs. 283/-, Auto Diesel has been increased by Rs. 55/-, to Rs. 176/-, while Super Diesel by Rs. 95/-, to Rs. 254/-.

The move follows the decision taken by the Lanka IOC to increase the price of petrol by Rs. 50 per liter and diesel by Rs. 75 per liter from midnight on Thursday (10).

Accordingly, a litre of octane 95 petrol is Rs. 254, a litre of Euro 3 petrol is Rs. 263, a litre of auto diesel is now sold at Rs. 214, while a litre of super diesel is now Rs. 249.

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