Connect with us

News

SJB questions Kanchana over suspension of fuel pricing formula, USD 3 bn debt to suppliers

Published

on

‘Petroleum, water services, too, should be under electricity regulator’

By Shamindra Ferdinando

The Convenor of the combined trade union front, in fuel, ports and power sectors of the Samagi Jana Balavegaya (SJB), Ananda Palitha, yesterday (04) alleged that consumers had been deprived of the benefit of the continuing drop in world crude oil prices as the government had suspended the cost-reflective fuel pricing formula, introduced in late May last year.

Having declared that the new pricing formula would be adjusted bi-monthly, or monthly, the government had conveniently discarded the mechanism, Ananda Palitha alleged.

Power and Energy Minister, Kanchana Wijesekera, owed the public an explanation why the pricing formula had been suspended for about six months.

Responding to The Island queries, the former CPC/Ceylon Petroleum Storage Terminals Ltd. (CPSTL) employee claimed that a litre of petrol, both 92 and 95, as well as diesel, could be sold much less than the current prices charged from consumers.

The failure on the part of the Power and Energy Ministry to implement the pricing formula had paved the way for the Indian Oil Corporation’s subsidiary in Sri Lanka, Lanka IOC, to earn massive profits at the expense of the bankrupt country.

Lanka IOC, incorporated in 2003, to carry out retail marketing and bulk supply to industrial consumers owns one-third of shares in CPSTL, Palitha said.

The trade union activist said that a joint parliamentary group should inquire into what was going on in the petroleum sector as successive ministers, given the responsibility of managing the vital sector, caused irreparable harm by pursuing agendas inimical to the national economy. The incumbent Minister Wijesekera is not an exception, the trade union leader added.

Had petroleum and water utilities, too, been brought under the Public Utilities Commission, established in 2002, as was originally envisaged, the issues at hand could have been handled in a different way, the SJB activist said.

In spite of the Commission being designated the regulator for petroleum and water utilities, successive governments conveniently refrained from bringing them under the Commission by way of Parliamentary Acts, Ananda Palitha said.

Ananda Palitha pointed out how the Chairman of the Commission, Janaka Ratnayaka, in spite of quite heavy political pressure, stood by the public in the face of relentless pressure exerted by the government, hell-bent on going ahead with massive tariff hikes.

The trade unionist said that all political parties, represented in Parliament, should be held accountable for the developing crisis. According to Ananda Palitha, the non-inclusion of petroleum sector and water services industries was deliberate and meant to prevent the regulator from doing his job, in the interest of the country, consumer and fair play.

Referring to the continuing crisis at the Sapugaskanda oil refinery, Ananda Palitha said that those who disrupted the supply of crude oil, delivered heavy blows to the CEB. “By disrupting operations, they thwarted the supply of naphtha, diesel and furnace oil. Everyone knows who benefits from such disruptions,” Ananda Palitha said.

Commenting on President Ranil Wickremesinghe demanding explanations from the CPC and SriLankan Airlines over the payment of bonuses, at the end of 2022, Ananda Palitha asked how Wickremesinghe, who held the Finance portfolio, didn’t know what was going on.

 

The Wickremesinghe-Rajapaksa government should be ashamed, if it really didn’t know until the workers of those institutions were paid bonuses. Referring to a media statement, issued by the Presidential Media Division (PMD), Tuesday evening, in this regard, Ananda Palitha questioned the status of CPSTL, jointly run by the CPC and Lanka IOC.

Ananda Palitha said that the CPC owed suppliers as much as USD 3 bn whereas the government was down on its knees before the Washington-based International Monetary Fund (IMF) for USD 2.9 bn spread over a period of four years.

Of this staggering amount, the CPC owed USD 700 mn to India and this needed to be settled in March-April this year, Ananda Palitha said, adding that the country owed a further USD 800 mn to other suppliers. There was also a long outstanding payment to Iran, believed to be USD 425 mn.

The political activist alleged that USD 45 mn paid for the procurement of crude oil, under controversial circumstances, was missing.

Meanwhile, the government was in the process of clearing the way for the privatization of both the CEB and the State Banks, he alleged.

 

 

 

 

 

 



News

INS TARANGINI makes port call in Trincomalee

Published

on

By

The Sail Training Ship of the Indian Navy, INS TARANGINI arrived at the Port of Trincomalee on a formal training visit on 27 Feb 26. The visiting ship was welcomed by the Sri Lanka Navy (SLN) in compliance with time-honoured naval traditions.

INS TARANGINI is a 54m long platform which is manned by a crew of 36 and is commanded by Commander Nitin Gajjar.

Meanwhile, Officer Under-trainees and Sea Cadets are expected to participate in sail training familiarization programmes aboard the ship and observe its operational functions during its stay in the island.

Furthermore, the ship’s crew is scheduled to take part in programmes organized by the Sri Lanka Navy to enhance camaraderie between the two navies, as well as visit several tourist attractions in the country.

Continue Reading

News

Renewed Lanka’s Easter Bombing probe puts NTJ’s South India radicalisation network back under lens

Published

on

New Delhi (IANS):The arrest of Sri Lanka’s former Intelligence chief, Retired Major-General Suresh Sallay is a turning point in the investigations into the 2019 Easter Sunday bombings that killed 279 people.

The move was a bold one taken by President Anura Kumara Dissanayake who won the presidency in 2024.

He had promised that all persons involved in the attack would be brought to justice.

Sallay was made State Intelligence Service (SIS) chief in 2019 after Gotabaya Rajapaksa became President.

The allegation against Sallay was that he had permitted the attack to take place with the intention of influencing that year’s presidential election, which was eventually won by Rajapaksa.

Sallay had become a prominent figure in Sri Lanka and was widely credited with dismantling the LTTE. His arrest has led to a political storm and many state that it could revive tensions relating to the LTTE.

Ali Sabry, former Sri Lankan Minister for Foreign Affairs said that the developments are deeply troubling.

An Indian official said that the developments in Sri Lanka are being monitored closely.

On the question whether the LTTE issue would come back into the picture following the arrest of Sallay, the officer said that attempts are being made, but it would be very tough.

There have been several cases that the National Investigation Agency (NIA) has been probing concerning the revival of the LTTE.

The ISI, too, has tried its hand in ensuring the revival of the LTTE, but has not been successful so far.

To prevent the revival of the LTTE, both India and Sri Lanka have been working very closely.

Another official explained that the current ties with Sri Lanka have gone from ideological to an investment-led partnership.

Prime Minister Narendra Modi and President Dissanayake share a pragmatic relationship and this has gone a long way in ensuring cooperation on all fields including security, the official explained.

While some in Sri Lanka do not subscribe to Dissanayake’s decision on Sallay, the fact is that the Easter Bombing case has to be probed from every possible angle.

An Intelligence Bureau official says that a major concern today are the activities of the National Thowheeth Jama’ath (NTJ) and Jamathei Millathu Ibrahim (JMI), the two outfits responsible for this attack.

The NTJ in particular has a vast presence in South India and has managed to radicalise a large number of youth in Tamil Nadu and Kerala.

The mastermind of the attack, Mohammad Zahran Hashim was a frequent visitor to Tamil Nadu. He was also responsible for the radicalisation of Jamesha Mubeen who carried out an unsuccessful attempt to bomb a temple in Coimbatore in 2022.

The Indian agencies have been actively pursuing the role played by Hashim. A probe by the NIA in the South India radicalisation case revealed that the entire plot was being run by Hashim from Sri Lanka.

At least 50 of the 100 radicalisation videos seized by the agency were discourses by Hashim, who had close links with the Islamic State.

Officials say that Sallay could provide details to investigators about the module that Hashim ran.

This would come in handy for the Indian agencies who are probing cases directly linked to the NTJ in South India.

Hashim, who was the ring leader for the suicide bombers during the Easter Bombing had spent a considerable amount of time in India.

The Indian agencies would want to learn if any of the locals that Hashim interacted with had any idea about the Easter Bombings.

While in India, Hashim had focussed his radicalisation programmes mainly at Mallapuram, Coimbatore, Nagapattinam, Kanyakumari, Ramnathpuram, Vellore, Trichy and Thirunelveli, the NIA probe found.

Pallay has for now denied any links to the Easter Bombings.

Indian officials say that they do not want to comment on Pallay and his alleged links.However, it is important that the bombings are probed thoroughly since the activities of the NTJ have a direct bearing on India, particularly the southern states, the official also added.

Continue Reading

News

Sajith warns: Don’t let trade union action stall cyclone relief

Published

on

Sajith Premadasa

Opposition and SJB Leader Sajith Premadasa on Friday stressed that relief efforts for communities affected by Cyclone Ditwah must not be derailed by internal disputes, as several trade unions announced plans to withdraw from disaster relief duties.

Taking to ‘X’, Premadasa called on the Government to prioritise coordination and ensure uninterrupted assistance to families still awaiting aid.

“The Government must work closely with officers on the ground to ensure coordination and uninterrupted support. When families are still waiting, how can we allow for this confusion?” he questioned, emphasising that relief measures should not be delayed under any circumstances.

His remarks follow the decision by several trade unions representing Government officers engaged in disaster relief operations to launch trade union action beginning from Friday (27 February).

The unions announced their withdrawal from relief-related duties, citing unresolved issues affecting officers involved in post-disaster operations.

According to the unions, more than 93 days have elapsed since the widespread destruction caused by Cyclone Ditwah. During this period, disaster relief officers and Grama Niladharis have worked continuously, day and night, acting as key coordinators between the Government and affected communities. However, they claim that authorities have failed to adequately address longstanding concerns relating to officers engaged in relief work.

Meanwhile, Secretary to the President Nandika Sanath Kumanayake yesterday underscored the need to expedite relief and recovery initiatives.

Chairing a progress review meeting of the National Council for Disaster Management, he called for strengthened coordination among State institutions responsible for disaster response, noting that effective inter-agency collaboration is critical to delivering timely assistance to affected communities.

Efforts to accelerate recovery and maintain continuity in relief operations are ongoing.

Continue Reading

Trending