CPC says no increase in fuel prices

January 12, 2017 2:48 PM

The Ceylon Petroleum Corporation says it has not decided to increase fuel prices despite an increase in global oil prices.

Chairman of the CPC TG Jayasinghe said the government has provided significant fuel price concessions as of now.

The Chairman also stated the proposed oil refinery to be constructed in Hambantota will not have an adverse impact on the environment.

Speaking at an event in Hatton today, Jayasinghe remarked that certain individuals are making false statements regarding the matter.

Chairman of the CPC TG Jayasinghe said that what the former president said will not happen adding that what is being used is new technology.

Jayasinghe added that with this technology there’s no way that it would act up in such a manner.

He said Singapore being a small country has 8 oil refineries and they don’t face such problems adding that the procedure will take place once the Central environmental authority grants approval so there is no need to be afraid.

Jayasinghe further stated that these comments are being made because those who make them are aware that their power is diminishing adding that the Price of fuel in the international market is rising therefore it is difficult to grant concessions but initially it was reduced it by 44 rupees.