Over 150 fuel station fail to place orders anticipating price revision: Minister

30 July 2023 11:56 am Views - {{hitsCtrl.values.hits}} 6 Bookmark

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More than 150 fuel station dealers have not maintained 50 per cent capacity stock and placed adequate orders to maintain stock requirements as of yesterday anticipating a fuel price revision next month.

Power and Energy Minister Kanchana Wijesekera said the Ceylon Petroleum Corporation (CPC) has informed that 101 fuel station dealers have not placed their orders for Octane 92 Petrol and 61 dealers for Lanka Auto diesel to maintain their stock requirements as of yesterday.

He said last month the CPC took over the management of several fuel stations that had not maintained minimum stocks & begun legal proceedings on several other dealers.

The Minister request all fuel station dealers to maintain adequate stocks and place orders accordingly.

Meanwhile, the Minister said CPC has adequate stocks for delivery.

He said the Ceylon Petroleum Storage Terminals Limited (CPSTL) and CPC plants have 124,690 metric tons of diesel and 5,651 metric tons of super diesel as of 8.30 am today.

Also, they have 19,903 metric tons of Octane 92 and 4,537 metric tons of Octane 95 petrol.

In addition, 26,539 metric tons of jet fuel are in stock.(Darshana Sanjeewa Balasuriya)

Comments - 6

Dee Sunday, 30 July 2023 12:38 PM

Teach them a lesson by increasing the price.

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Banda Iya Sunday, 30 July 2023 01:00 PM

What an illogical idea. They are not going to suffer but the public.

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Nuwan Sunday, 30 July 2023 03:00 PM

Bad idea. This is where regulations should come into place. Punish them. This is a test for the government, in that how new players in the market can be made accountable.

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Ram Sunday, 30 July 2023 03:00 PM

Stop providing fuel for 4 weeks for failure to place order on the first occasion, 8 weeks fuel suspension if repeated and cancel the dealership on the third occasion. This will be a lesson for all dealers. CPC taking over the dealership managements is no good when CPC cannot run it's own concern profitably

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Mahila Monday, 31 July 2023 05:26 AM

The minister on last occasion claimed he will cancel or fine non-complying Dealers!!! Why Not??? instead of increasing cost of fuel supplied Maintain the same maximum Retail Price and FINE them Rs 25,000, 1st time, Rs 50,000, 2nd time and Rs 100,000 3rd time and finally cancel and re-allocate to NEW individual the Dealership!!!???

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Nimal Sunday, 30 July 2023 06:30 PM

What gross mismanagement is this?

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