Sri Lanka govt warns of possible takeover of IOC filling stations
Sri Lanka's Minister of Petroleum A.H.M. Fowzie today said that he has sent written notices to the Indian Oil Company (IOC) on a possible takeover of filling stations operated by the company.
Speaking in Parliament, the Minister pointed out that the government is incurring heavy losses by selling diesel and kerosene oil at lower prices.
He said the IOC has avoided this crisis by selling diesel at higher prices and by stopping its sale of kerosene oil. This practice has worsened the government’s situation as almost all consumers come to the government-owned CEYPETCO filling stations to buy kerosene and diesel, he explained.
Meanwhile, the government’s chief whip Dinesh Gunawardane pointed out that steps have been taken to draft a national policy on fuel consumption. He added that accordingly, a restriction may be imposed on vehicles with high fuel consumption.
Extracted from,
http://www.colombopage.com/archive_08/June19145625JR.html
Speaking in Parliament, the Minister pointed out that the government is incurring heavy losses by selling diesel and kerosene oil at lower prices.
He said the IOC has avoided this crisis by selling diesel at higher prices and by stopping its sale of kerosene oil. This practice has worsened the government’s situation as almost all consumers come to the government-owned CEYPETCO filling stations to buy kerosene and diesel, he explained.
Meanwhile, the government’s chief whip Dinesh Gunawardane pointed out that steps have been taken to draft a national policy on fuel consumption. He added that accordingly, a restriction may be imposed on vehicles with high fuel consumption.
Extracted from,
http://www.colombopage.com/archive_08/June19145625JR.html
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