Fraudulent activities have ended in petroleum industry: Arjuna
There was an Inquiry Unit functioning when I took over this ministry which was the most corrupt among all sections of the CEYPETCO
Petroleum Resources Development Minister Arjuna Ranatunga said he has been able to put an end to fraud that took place in the petroleum industry and as a result, scams such as mixing kerosene purchased at subsidized prices with petrol has come to an end.
Private buses do not run on kerosene now as well, he added.
“There was an Inquiry Unit functioning when I took over this ministry which was the most corrupt among all sections of the CEYPETCO. When, a raid was to be carried out, the message is sent to the relevant filling station. I took measures to dissolve this unit. Those who benefited from this unit are pointing the finger at us saying the CEYPETCO is corrupt,” Minister Ranatunga added.
Minister Ranatunga vowed that he would never ever give his consent to privatise CEYPETCO and added he was not ready to dance to anyone’s tune because the CEYPETCO is a national asset.
Minister Ranatunga lamented that there was no room to develop 101 oil tanks in Trincomalee that belonged to the corporation since they were leased out to the Lanka Indian Oil Company (LIOC) but the Indian earns a big profit by using them for storage.
‘I have obtained cabinet approval to develop 69 oil tanks in Trincomalee as a joint venture with India. Another 16 tanks will be vested with CEYPETCO as well. Those who criticize the project must realize that it was not a sell-out but a joint venture between the two countries to develop the 101 oil tanks that were not made use of for several decades,’ Minister Ranatunga emphasised.