Petroleum Minister says CPSTL incurred Rs. 9 million loss on the day fuel prices raised due to fraud
Minister of Petroleum Resources Development Arjuna Ranatunga says the state's fuel storage unit, the Ceylon Petroleum Storage Terminals Limited (CPSTL) incurred a Rs. 9 million loss on the day fuel prices were raised due to fraud.
He said the Ministry has decided to identify the officers responsible for the fraud and to punish them severely after the preliminary inquiry has ended.
He was responding to a question posed by a journalist at a function held at the Gampaha Divisional Secretariat yesterday (16).
The government increased fuel prices with effect from the midnight of May 10th and officially announced the decision on the same morning.
The Minister explained that the issue of daily fuel stocks under the Same Day System is temporarily suspended from the time the price incre...