Peiris has explained to UN Special Rapporteur on Contemporary Forms of Slavery, including its causes and consequences, Tomoya Obokata, Sri Lanka’s progress related to labour welfare and the constructive steps taken by the government to eradicate child labour. I was told that people were queuing at fuel stations last Monday and Wednesday.”įoreign Minister Prof. “If takes a few months for such a proposal to be approved and implemented. For example the previous hike in June was first proposed in April. Gammanpila added that there was no point in queuing at fuel stations because a decision to increase fuel takes a few months to be approved. If CPC goes bust, the People’s Bank and Bank of Ceylon will be in deep trouble too,” the Minister said. While people are suffering, we can’t also let the CPC go bankrupt. Otherwise, I will ask the Cabinet for relief.
“If we get this credit line, we should be able to weather this storm. Sri Lanka spent around USD 300 million on oil imports per month and the credit line would allow for a year of fuel supply at concessionary rates, the Minister said. The government was discussing the possibility of obtaining a 3.6 billion US dollar credit line for fuel from Oman. I will again take the matter up at the next Cabinet meeting,” he said. He said it was hard to provide assistance and was non-committal. “At the last Cabinet meeting, I asked the Finance Minister for assistance. Given that prices of all essential items had increased, a significant increase in fuel prices would cause great inconvenience to the people, he said. Gammanpila said he told the Chairman of the CPC that they should first seek assistance from the Treasury. The Chairman of the Ceylon Petroleum Corporation (CPC) has asked for a price increase,” he said. 15 on a litre of petrol and a loss of Rs 16 on a litre of diesel. This time around, I have told the people that we are facing a serious problem. Minister Gammanpila said that if a fuel hike was on the cards, he would announce it publicly. However, there would not be a fuel price hike in the short term, the Minister of Energy told the media yesterday. Finance Minister rules out bailout package for CPCįinance Minister Basil Rajapaksa has told Minister of Energy Udaya Gammanpila that the Treasury is not in a position to assist the Ceylon Petroleum Corporation (CPC).
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