Ceylon Petroleum Corporation calls for Fuel Price hike

Ceylon Petroleum Corporation calls for Fuel Price hike

Ceylon Petroleum Corporation calls for Fuel Price hike

Written by Zulfick Farzan

11 Oct, 2021 | 10:57 am

COLOMBO (News 1st); The Ceylon Petroleum Corporation says that the prices of fuel need to be increased as the CPC has suffered a loss of Rs. 70 Billion.

CPC Chairman Sumith Wijesinghe told reporters that given the losses incurred by the Ceylon Petroleum Corporation there is no other option but to increase the fuel prices.

He said the subject minister was informed of this as well.

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