News
Fuel distributors agree to new CPC commission formula
By Rathindra Kuruwita and Chaminda Silva
Fuel distributors have agreed to the new commission formula introduced by the Ceylon Petroleum Corporation (CPC), Cabinet Media Spokesperson Minister Dr. Nalinda Jayatissa announced at the weekly Cabinet press briefing yesterday (04).
The new formula, which replaces the previous 3% commission payment for fuel sales, has been implemented following discussions between the CPC, fuel station owners, and members of the fuel distributors’ association.
Minister Jayatissa emphasised that the agreement marks a crucial step forward in streamlining fuel distribution and ensuring transparency in pricing mechanisms.
“An agreement has been reached to implement the formula introduced by the CPC. Work will proceed in accordance with that agreement,” Minister Jayatissa said.
He said that fuel distributors have raised several concerns, which will be addressed during a follow-up discussion scheduled for March 18.
The meeting, set to take place in the morning of March 18, will focus on reviewing the new pricing system and discussing proposals from fuel distributors. This review will occur after two weeks of fuel sales under the new mechanism, allowing stakeholders to assess its impact on profits and operational efficiency.
CPC Chairman D.A. Rajakaruna confirmed that fuel sales will continue uninterrupted at all stations. “If any adjustments are required, they can be made after the upcoming discussion,” he said, assuring the public of a smooth transition to the new system.
Chairman of the Fuel Station Owners’ Association Kumar Rajapaksa highlighted that the new formula will be reassessed following the review meeting. “We will evaluate the outcomes and make necessary adjustments to ensure fairness and sustainability for all parties involved,” he added.
Minister Jayatissa reassured the public that there is no fuel shortage or disruption in supply. “The government is committed to ensuring a stable and efficient fuel distribution system. The new formula is a step in the right direction, and we will continue to work closely with all stakeholders to address their concerns,” he said.
Prime Munister Dr Harini Amarasuriya returned to the island this (23rd) morning after attending the World Economic Forum in Davos, Switzerland,
The Sri Lanka Navy successfully conducted a diving operation on 19 Jan 26 to inspect and restore the sluice gate of the Bomburuella Reservoir.
Acting on a request from the Department of Irrigation, the Sri Lanka Navy deployed a specialized diving team from the Western Naval Command, for the urgent requirement.
Through concerted effort, the Navy divers successfully cleared accumulated debris, including a significant quantity of wooden fragments, which had impeded the sluice gate mechanism.
Prime Minister Dr. Harini Amarasuriya held a series of high-level bilateral meetings on Wednesday [January 21] on the sidelines of the World Economic Forum in Davos, Switzerland, engaging with representatives of the European Union, the United Nations Development Programme, and the global private sector.
The Prime Minister met with Hadja Lahbib, European Commissioner for Preparedness and Crisis Management. During the meeting, she expressed Sri Lanka’s appreciation for the support extended by the European Union and its member states following Cyclone Ditwa. The Prime Minister also briefed the Commissioner on the key findings of the World Bank’s GRADE report and requested continued EU support for Sri Lanka’s development and recovery efforts.
Prime Minister Amarasuriya also met with Alexander De Croo, representing the United Nations Development Programme. She expressed appreciation for the longstanding partnership between Sri Lanka and the United Nations and acknowledged the UN’s support in flood relief and livelihood assistance. The Prime Minister noted that, following the mandate received at the parliamentary election, the government is focused on meeting public expectations through national rebuilding grounded in public trust and good governance. She further reaffirmed the Government of Sri Lanka’s commitment to strengthening social protection systems and safeguarding vulnerable communities.
In addition, the Prime Minister met with Robert M. Uggla, Chairman of A.P. Moller Holding. The discussion focused on engagement with the private sector and potential areas of collaboration.
These meetings reflected Sri Lanka’s continued engagement with international partners and global stakeholders to support recovery, development, and long-term economic stability.
[Prime Minister’s Media Division]
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