Trouble for over 600 fuel stations

June 8, 2023 at 12:40 PM

The Ceylon Petroleum Corporation (CPC) has been instructed to review and initiate necessary legal action against fuel station dealers who have violated the conditions of their agreements. 

Minister of Power and Energy Kanchana Wijesekera stated that the decision was taken during a progress review meeting that was held with officials of the CPC and the Ceylon Petroleum Storage Terminals Limited (CPSTL) yesterday. 

It was revealed that only 432 Fuel stations out of 1050 operated by the CPC maintained the minimum stock on all products last week.

A total of 255 dealers have failed to maintain minimum stocks for any products, while 363 dealers have maintained minimum stock for one product, the minister said.

Minister Wijesekera said thereby, the CPC was instructed to take legal action against those who had violated their agreements.

He further stated that the cargo plan for the next 18 months, balance sheet restructuring of CPC, payments to transport bowsers, National Fuel Pass QR distribution, islandwide fuel delivery plan, and infrastructure development plan of the CPSTL were also reviewed and taken up for discussion. (NewsWire)