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 Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.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

Warriors who fight for a larger purpose

Friday, 17 August 2018

Are women more naturally inclined to cooperation than men? Sulochana Sigera’s impassioned statement at last week’s Women in Management Awards seemed to suggest so. Addressing the under-representation of women decision-makers, Sigera pointed to th

Do we sink or swim? No Michael, row the boat ashore!

Friday, 17 August 2018

Why Sri Lanka needs to strengthen geopolitical ties to be a competitive global economy by 2030

Sri Lankan people want leaders to be decisive

Friday, 17 August 2018

The different leaders we have seen in Sri Lanka in the last 40 years beginning with JRJ to the current President were very different in their approach to power and authority, based on their cultural values and understandings of the leadership style.

The strategic role of the finance function: The path to relevance

Thursday, 16 August 2018

During my term as Global President of CIMA nearly a decade ago, the theme I chose for my year of leadership was a single word – ‘relevance’. The word relevance is perpetual. It is contextual to when it is used. It is extremely applicable to the

Columnists More