LIOC DEAL­ERS URGE MIN­ISTRY TO IN­CREASE CPC FUEL PRICES EQUALLY

Daily Mirror (Sri Lanka) - - NEWS - BY DARSHANA SANJEEWA

The deal­ers of the Lanka In­dian Oil Co­op­er­a­tion (LIOC) yes­ter­day re­quested the Min­istry of Pe­tro­leum Re­sources De­vel­op­ment to in­crease the Cey­lon Pe­tro­leum Cor­po­ra­tion (CPC) fuel prices to the same price level of the fuel sold by the IOC.

The Min­istry said that a spe­cial meet­ing was held be­tween the IOC deal­ers and Deputy Min­is­ter Anoma Ga­m­age at the min­istry yes­ter­day.

The fill­ing sta­tion own­ers in­formed the deputy min­is­ter that due to the higher fuel prices at fuel sta­tions, the IOC is in­cur­ring huge losses and that their sales had de­creased by 75%. They also said con­sumers reg­u­larly ac­cuse them of sell­ing fuel for higher prices than that of the CPC.

Cur­rently, the LIOC is sell­ing a litre of 92 Oc­tane petrol for Rs.131 and petrol 95 Oc­tane for Rs. 150 per litre, which is Rs.8 and Rs. 3 re­spec­tively higher than the sell­ing prices of the CEYPETCO.

Dur­ing the meet­ing, it was re­vealed that at least 400 em­ploy­ees are work­ing un­der more than 200 LIOC deal­ers. The deal­ers pro­posed the deputy min­is­ter to sell the fuel at the same prices in each fuel sta­tion af­ter reg­u­lat­ing the fuel prices through the Con­sumer Af­fairs Author­ity.

In ad­di­tion to their pro­pos­als, they re­quested to name the petrol and diesel as es­sen­tial com­modi­ties and also to pro­tect the con­sumers’ rights by bring­ing the LIOC un­der the su­per­vi­sion of the Pe­tro­leum Min­istry.

The Deputy Min­is­ter told the deal­ers that she would dis­cuss the mat­ter with the LIOC man­age­ment and also with the Trea­sury.

The fill­ing sta­tion own­ers in­formed the deputy min­is­ter that due to the higher fuel prices at fuel sta­tions, the IOC is in­cur­ring huge losses and that their sales had de­creased by 75%

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