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CBSL offcials have no power to increase their salaries: WR

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Dr. Wijeyadasa Rajapakshe

By Saman Indrajith

Justice Minister Dr. Wijeyadasa Rajapakshe told Parliament yesterday that the Central Bank of Sri Lanka (CBSL) officials had no powers to increase their salaries without the approval of Parliament in terms of the Constitution.

The Minister said that the manner in which the CBSL officials had got their salaries increased was wrong. “Parliament has powers over Public Finance in terms of the Constitution and that the Central Bank cannot increase the salaries of its employees without Parliamentary approval,” Dr. Rajapakshe said.

Minister Rajapakshe said that the argument by the CBSL that it had the independence to take decisions in terms of the new Central Bank Act was wrong. “It is wrong as any Act must come under the Constitution. The Central Bank was granted independence under the new Central Bank Act to ensure that it functions free of political intervention. We expected that the Central Bank would function according to the requirements of the country. Unfortunately, the Central Bank acted to increase its employees’ salaries as the first action,” he said.

SLPP dissident MP Mohammed Muzammil said no action had been taken pertaining to CBSL officials’ salary increase despite the matter being raised in Parliament for several days.

State Finance Minister Shehan Semasinghe said the government would take a decision on the Central Bank salary increase after the Committee on Public Finance (COPF) submits its report to Parliament.

Opposition and SJB Leader Sajith Premadasa said the government must not wait for the report of the COPF and said that the government must take a decision to withdraw the salary hike. “The Central Bank is not under the COPF, it is under the government,” Premadasa said.



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Former first lady Shiranthi Rajapaksa arrested by CIABOC

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Former first lady Shiranthi Rajapaksa, wife of former President Mahinda Rajapaksa was  produced before the Hulftsdorp court, after  being  arrested by officers of the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) and produce

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U.S. Navy ship USS Tulsa arrives in Colombo for replenishment visit

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The U.S. Navy ship USS Tulsa (LCS 16) arrived at the Port of Colombo this morning, 7 October 2026 for replenishment purposes.

The visiting ship was welcomed by the Sri Lanka Navy in accordance with naval traditions.

The 127.7-metre-long platform is a Littoral Combat Ship commanded by Commander BM Wanier. Commissioned on 16 February 2019, USS Tulsa has since been in service with the US Navy.

The ship previously made a port call in Sri Lanka on 27 August 2025.

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Fuel crunch looms

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Govt. tells fuel distributors to maintain stocks to ensure uninterrupted supplies

by Saman Indrajith and Norman Palihawadane

The government had instructed private fuel distributors to maintain minimum stocks and ensure uninterrupted supplies to the market, Energy Minister Anura Karunathilaka told Parliament yesterday (06).

Karunathilaka said the Ministry of Energy Secretary had notified the relevant companies of the requirement, following a reduction in supplies by some private distributors, amid higher international fuel prices.

The Minister said private companies had informed the government that they were facing losses because international prices had risen while fuel was being sold, locally, at prevailing prices. As a result, some companies had reduced the volumes released to the market.

The reduced supplies had increased the burden on the Ceylon Petroleum Corporation (CPC), whose share of the diesel market had risen from about 54% to 82%, the Minister said.

“The CPC currently holds an 82% share of the market,” he said, adding that it had increased its supplies, compared with February, to compensate for the reduction by private distributors.

Karunathilaka said the government could not, under the existing agreements with private companies, specify the quantities they should supply to individual filling stations. However, it could require them to maintain minimum stocks in the country.

The Minister said the Energy Ministry had already instructed companies that had failed to maintain the required stocks to take steps to prevent supply disruptions.

The Minister attributed the queues reported at some filling stations to reduced supplies from private distributors, as well as normal variations in fuel distribution. He also said demand for CPC fuel had increased because private companies generally did not provide fuel to dealers on credit, while the CPC offered a three-day credit facility.

“We expect that, as the Ceylon Petroleum Corporation takes on this additional burden, the problem will ease to some extent by Wednesday or Thursday,” Karunathilaka said.

He said instructions had also been issued to increase supplies to CPC filling stations. A special discussion on the issue is scheduled for today (07), with officials of the Energy Ministry and CPC expected to participate,

along with President Anura Kumara Dissanayake.

Meanwhile, Petroleum Dealers’ Association officials have called for an early solution to the supply issue. Association Chairman D.V. Shantha Silva said queues had been reported at many filling stations, mainly those operated by private distributors.

He said the situation was not due to an overall shortage of fuel, but was linked to reduced orders by Lanka IOC, Sinopec and R.M. Parks amid concerns over losses incurred on fuel sales.

The Ceylon Petroleum Private Tanker Owners Association has urged motorists to refrain from panic buying, saying there was no nationwide disruption to fuel supplies.

The government earlier increased fuel prices and introduced a per-litre diesel subsidy following concerns raised by distributors over rising international prices.

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