Home / Front Page/ Scam causes Rs. 10 m loss at CPSTL, Arjuna to probe

Scam causes Rs. 10 m loss at CPSTL, Arjuna to probe

Comments / {{hitsCtrl.values.hits}} Views / Thursday, 17 May 2018 00:37

An alleged scam has caused a loss of Rs. 10 million at the Ceylon Petroleum Storage Terminal (CPSTL) on the day fuel prices were hiked, prompting Minister Arjuna Ranatunga to vow stern action after a probe.  

The Government decided to increase the fuel price on 10 May at midnight, and was declared in the morning of the same day. In such a situation, same-day orders are to be cancelled temporarily. However, an initial investigation has revealed that 52 fuel bowsers from the Kolonnawa terminal and 22 fuel bowsers from the Muthurajawela terminal were released following the same-day orders. 

Owing to this smuggling incident, the Kolonnawa terminal lost Rs. 6,580,200 and the Muthurajawela terminal lost Rs. 2,468,400. The investigation disclosed that some regional fuel distribution centres also released a stock of fuel following same-day orders. 

“The smuggling was done following the wrong procedure. Some filling stations received a stock of fuel within the same day, which was not received for weeks. There are customers who had paid for fuel the day before the price hike, but had not received stocks, and customers who had paid and received stocks within hours,” Minister Ranatunga said, yesterday.

“We are processing the investigation to identify the offenders. We will hand over further investigations to the FCID. The smuggling has been occurring for years. I will take severe actions to stop wrongdoings. Some ministers are also trying to push us when we are trying to catch thieves,” he added. 


Share This Article


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

Overlooking systemic crises: Subjecting to neoliberalism and potential hegemon – Part 3

Wednesday, 23 May 2018

Renegotiating a country’s position within the world-economy is only possible when the system and/or leaders are in trouble

Annuity-based PPP can expedite infrastructure developments

Tuesday, 22 May 2018

Sri Lanka has primarily relied on public finance for the development of public goods and infrastructure. While running

Is there value in surveillance? Ask the Chinese

Tuesday, 22 May 2018

Global commentary would suggest that surveillance (whether offline or online) casts a shadow on personal freedoms and any conversation that involves such spy games quite quickly descends into a 1984-esque discussion about dystopian futures. However,

Mangala’s Gam Peraliya: Good move but essential requirement a village level database

Monday, 21 May 2018

Finance Minister Mangala Samaraweera, announcing the Government’s decision to move for a flexible fuel price system based on international prices built into a pricing formula, made a side announcement as well.

Columnists More