(UTV | COLOMBO) – The Ceylon Petroleum Corporation has requested the government to increase fuel prices.
Chairman of the CPC Sumith Wijesinghe has informed the government that an increase in fuel prices is imperative at present in order to minimise losses incurred by the CPC.
Speaking at a media briefing yesterday, Wijesinghe expected government authorities to revise Ceypetco fuel prices accordingly.
He said the CPC has repeatedly requested the government and the Ministry of Energy to increase fuel prices, as the CPC cannot reach a decision pertaining to increasing prices.
Wijesinghe added the CPC informs the subject Minister of losses incurred while the Minister notifies the government, in order to take steps to increase prices.