Connect with us

News

Gammanpila reveals massive fuel tax raked in by Treasury

Published

on

… warns of possible fuel shortage

By Sujeewa Thathsara

The Ministry of Finance collected about Rs. 368 million afrom the Ceylon Petroleum Corporation (CPC) as tax from the sale of fuel on a daily basis, Minister of Energy Udaya Gammanpila said yesterday, addressing the media in Colombo. The Minister added that the CPC made a loss of Rs. 551 million a day.

“There is an increase in the price of fuel in the world market. The CPC is also incurring colossal losses. To mitigate the pressure on the CPC, I asked the Minister of Finance, Basil Rajapaksa, on Friday (18) to remove the taxes on fuel. We have not increased the price of fuel. If the Ministry of Finance removes the tax on fuel, it will be a great relief for the debt burdened Corporation,” he said.

The Ministry of Finance charged Rs. 42 as tax per litre of Octane 92 petrol, Rs. 64 on a litre of Octane 95 petrol, Rs. 17 on a litre of regular diesel and Rs. 39 on a litre of super diesel, Minister Gammanpila said.

“The CPC sells a litre of octane 92 petrol at a loss of Rs. 19, litre of octane 95 petorol at a loss of Rs. 17, litre of regular diesel at a loss of Rs. 52, litre of super diesel at a loss of Rs. 35, and litre of kerosene at a loss of Rs. 63. If we keep selling fuel at this rate, not only will we run out of dollars, but also rupees,” he said, warning that there was the possibility of a fuel shortage due to the rupee crisis the CPC was facing.

In 2021, CPC incurred a loss of Rs. 83 billion.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Activists demand implementation of Easter Commission recommendations

Published

on

Nanayakkara

Religious and civil society leaders have called on President Anura Kumara Dissanayake to begin implementing the recommendations outlined in the Special Presidential Commission that investigated the Easter Sunday terror attacks without further delay.

Addressing a press conference held at the Centre for Society and Religion in Colombo, Lawyer Manoj Nanayakkara stated that 71 months have passed since the Easter Sunday attacks, yet justice has not been served for the victims.

“We are approaching the sixth anniversary of this heinous crime, which claimed nearly 300 lives and wounded twice as many others. President Anura Kumara Dissanayake had promised to conduct a fresh investigation into this crime. In the meantime, he could implement the recommendations of the Special Presidential Commission that probed the Easter Sunday terror attacks. This would demonstrate that the current government is keeping its word to deliver justice to the victims,” Nanayakkara said.

He also commented on Ven. Galagodatte Gnanasara Thero, who has been holding press conferences, claiming to have information related to the terror attacks and to know the masterminds behind them. “Our question is why he does not go to the law enforcement agencies and share the information he claims to possess. There is no purpose in making such statements at press conferences. As a citizen, his duty is to share this information with the investigating authorities.

Therefore, we believe that Gnanasara Thero is engaging in a political ploy at the behest of someone else. He should be aware that intentionally withholding information about a brutal massacre and failing to share it with the investigating authorities is an offence punishable under the Penal Code,” Nanayakkara said.Rev. Fr. Julian Patrick Perera, Rector of St. Joseph Vaz Deva Dharma Niketanaya, also addressed the press conference.

By Norman Palihawadana

Continue Reading

News

Modi three-day visit formally announced

Published

on

The Colombo foreign ministry Friday formally announced Indian Prime Minister Narendra Modi’s visit to Sri Lanka when he will have bilateral talks with President Anura Kumara Disanayaka and Prime Minister Dr. Harini Amarasuriya.

While in Sri Lanka,Modi is scheduled to visit Anuradhapura to pay homage to the sacred Sri Maha Bodhi and will inaugurate several projects implemented in Sri Lanka with the assistance of the Government of India, a ministry release.

A number of Memoranda of Understanding inked between the two countries are also expected to be exchanged during this visit, it added.

The Indian PM will be accompanied by the Minister of External Affairs, the National Security Advisor, Foreign Secretary and other senior officials of the Government of India.

Continue Reading

News

COPE investigates drug supplies and preferred favourite supplier

Published

on

It was revealed in the Committee on Public Enterprises (COPE) that a private company named ‘Savorite’ was issued Waiver of Registration (WoR) certificates to import 38 types of medicines in 2022 without the evaluation of the National Medicines Regulatory Authority (NMRA).

The former Secretary to the Ministry of Health also informed the Committee that the former Minister of Health had given instructions to select this private company to import medicines in this way, parliament sources said on Friday.

This was disclosed when the COPE met in Parliament recently under the chairmanship of MP Dr Nishantha Samaraweera, to examine the Auditor General’s reports for the years 2022, 2023 and 2024 and the current performance of the NMRA.

The Committee Chair informed the committee that on December 30, 2022, the NMRA had issued Waiver of Registration (WoR) certificates to a private company named ‘Savorite’ for the import of 38 types of medicines submitted through unsolicited proposals without the evaluation of the NMRA.

The Committee Chair said that the NMRA has abdicated its responsibility, stating that the purpose of establishing the NMRA is to ensure the quality, safety and efficacy of those medicines and that it cannot be handed over to the Medical Supplies Sector.

Former members of the Board of Directors of the NMRA said that since the import of medicines through a special pathway with prior approval was carried out, the Board of Directors could not grant permission for it without conducting a proper evaluation. Therefore, they said that they did not accept responsibility in this regard.

Accordingly, this matter was discussed at length in the committee, and it was revealed that the former Minister of Health had instructed to select a private company called ‘Savorite’ to import the medicines in short supply for three months.

Meanwhile, the Committee also discussed at length the Cabinet Memorandum submitted by the former Minister of Health on September 26,2022. The Committee Chair inquired from the Ministry of Health officials about the fact that a large number of medicines would reach zero levels within the next three weeks from the date of submission of the relevant Cabinet Memorandum.

The officials who responded said that the information had been added to the Cabinet Memorandum based on the information obtained from the existing database regarding medicines. However, the committee Chair said that it was unacceptable for a large number of medicines to reach zero levels at the same time and that the relevant responsible officials had acted irresponsibly until such a level was reached.

The Auditor General, who spoke at the time, stated that the medicines that were ordered and to be received in advance have also been imported, citing that the medicines have reached zero levels.

Accordingly, the committee chair instructed the officials to submit a full report to the Committee on who were the officials involved in preparing this Cabinet Memorandum. The Chair further stated that a full report regarding the import of these medicines will be prepared by the Committee and submitted to Parliament, and that necessary action will be taken expeditiously.

MPs Mano Ganeshan, Nalin Bandara Jayamaha, S. M. Marikkar, Chaminda Wijesiri, Attorney-at-Law Nilanthi Kottahachchi, Chandima Hettiarachchi, Asitha Niroshana Egoda Vithana, Kosala Nuwan Jayaweera, Sudath Balagalla, Dr S. Sri Bavanandarajah, Lt Com (Retd.) Prageeth Madhuranga and Samanmali Gunasinghe were present in this committee meeting.

Continue Reading

Trending