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Petroleum+Corporation+says+no+shortage+despite+heavy+sales
Tuesday, 27 March 2018 - 13:10
Petroleum Corporation says no shortage despite heavy sales
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The Managing Director of Ceylon Petroleum Storage Terminal Limited, Sanjeewa Wijerathna says that they have sufficient fuel stocks to cope up with the increase in demand, following the recent price hike by Lanka IOC.

He said that the CPC has so far no intention of increasing the prices and will continue to sell fuel at the present prices.

However, he pointed out that as a result of rising sales that the CPC is facing huge losses.

Meanwhile, CPC trade unionist, D. J. Rajakaruna said that fuel stocks were distributed from Muthurajawela and Sapugaskanda until midnight yesterday (Mar. 26).

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