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Minister of Petroleum Resources Development hon. Arjuna Ranatunga stated that they pay more attention to use trains to distribute Oil Island wide. He further stressed out that distribution of oil by Trains will be cheaper than distribution through Fuel truck and they are taking steps to make Provincial Fuel storage terminals extend. Minister added that they have planned to make extend Kandy- Peradeniya Fuel storage terminal as their first step. Minister made this review during his inspection visit to Central Province provincial branch of Ceylon Petroleum Corporation (CPC) in Peradeniya.

 During his inspection visit Minister discussed the issues faced by workers and he stated they are already omitted the unnecessary expenses of CPC.

 “It will be more profitable to transport oil by trains to Kandy. I took over this institution to make profits to CPC during the development process. On the other hand, it’s difficult for CPC to make profits because it’s giving more relief to customers. First of all, we should try to reduce the loss. We already reduced the expenditure of CPC which doesn’t effect to the privileges of workers. Even I was functioning as Minister of port and shipping I operated this principle. We would be able to make 11 Billion as profits during 2 years by omitting unnecessary expenses when we were in the Ministry of Ports. We understood the reality that is unnecessary expenses were made by superiors, but not by the workers. We have omitted unnecessary expenses from the Minister and Chairman. Once again I assure not to reduce the privileges giving to workers. Workers should be responsible and dedicate to save this institution” Minister added further.    

 

Institutions Under The Purview of Ministry

Ceylon Petroleum Corporation (CPC)

cpcCPC is carrying out all the commercial activities related to importing, refining, blending storing, distributing and retailing of petroleum products (downstream petroleum industry)

 

Ceylon Petroleum Storage Terminals Limited (CPSTL)

cpstlCPSTL is responsible for storage and distribution of Petroleum Products.

 

 

Petroleum Resources Development Secretariat

To ensure that all Sri Lankans benefit from the petroleum resources of the country by managing the industry in an equitable, safe and environmentally sustainable manner