President on CPC’s diesel loss: Correct numbers, incomplete diagnosis
I saw that the Petroleum Corporation has stated that the price of a litre of diesel is approximately 720 rupees. However, we are providing a litre of diesel for 392 rupees. In providing it at 392 rupees, the government bears a cost burden of 100 rupees for every litre of diesel. This means the Petroleum Corporation receives 492 rupees. Nevertheless, they still face a massive loss, and it is necessary for them to cover that loss.
Nuwara Eliya District Coordinating Committee meeting | May 13, 2026
Posted on: 19 June, 2026
True
Minister Pathirana correct only on low diesel prices in Sri Lanka
When compared with the countries in the South Asian region, the fuel price of our country is still lower than that of the other countries in the region. Among the countries in this region, only Pakistan provides diesel at a price lower than Sri Lanka. It is only in Sri Lanka that petrol and...
Parliament Hansard | July 20, 2021
Posted on: 2 September, 2021
Partly True
Udaya Gammanpila at a loss on the reason for CEYPETCO losses
Due to the fact that oil has continuously been purchased at high prices and sold at low prices, the accumulated loss for CEYPETCO, as at end 2020, is Rs. 331 billion
Minister Gammanpila’s Official Facebook Page | June 11, 2021
Posted on: 15 July, 2021
False
President shines light on CEB and CPC losses
The Ceylon Electricity Board (CEB) and Ceylon Petroleum Corporation (CPC) incur losses in the tens of millions [of rupees] per day.
Divaina | June 4, 2019
Posted on: 24 July, 2019
True