Despite continuous requests made by the Lanka Indian Oil Company (LIOC) for both parties to increase the price of petrol and diesel, the Ceylon Petroleum Corporation (CPC) will not increase fuel prices said, Petroleum Resources Development Minister Arjuna Ranatunga.
He further said, LIOC held discussions with me and the Finance Ministry officials requesting permission for an increase in fuel prices. But, I told them not to take such a decision at this juncture. But, if the LIOC increases its prices, we must be ready to cater to the people’s needs without any interruption. Even though there is a necessity for a fuel price revision, the government will not increase fuel prices as it would be a burden to the people .
Finally, it is the poor public which suffers. That is why the CPC will not increase its prices,” he concluded.
