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Fuel cost disclosure reveals deep CPC losses
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Fuel cost disclosure reveals deep CPC losses
Sri Lanka’s Ministry of Energy has disclosed the Ceylon Petroleum Corporation’s (CPC) fuel cost structure, revealing heavy losses on imported stocks consumed in May. Advocata Institute Chairman Murtaza Jafferjee, posting on X, underscored the scale of the deficits even before subsidies are factored in. According to the figures, CPC incurs a loss of approximately Rs. 35 per litre on Petrol 92, Rs. 367 on Auto Diesel, and Rs. 325 on Kerosene. Jaf…
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