Public Finance Data and Analysis
"The losses incurred by the Ceylon Petroleum Corporation (CPC) have more than doubled following Lanka IOC raising fuel prices last Monday, CPC Chairman Sumith Wijesinghe said. He added if the prices for February remain unchanged for the entire month, the CPC will incur a loss of Rs 48.30 per litre of diesel and Rs 15.68 per litre of petrol. He has informed this to Finance Ministry Secretary S.R. Attygalle in writing. "