CPC seeks a price revision to minimize losses

Sunday, 29 April 2018 - 13:47

Ministry of Petroleum Resource Development says it is hopeful of an immediate solution from the Finance Ministry to minimize the Ceylon Petroleum Corporation's losses incurred by selling fuel.
The Ministry Secretary Upali Marasinghe told us they wanted a mechanism to lessen their losses.
He added that the CPC is looking at a price revision with tax concessions in order to cut down their mounting losses.