Unions claim price hike in 92 Octane petrol likely despite CPC assurances

Tuesday, 10 December 2013 00:00 - - {{hitsCtrl.values.hits}}

Trade unions affiliated to the petroleum sector have warned that the price of 92 Octane petrol that is to be imported from January next year will be increased after a few months despite assurances given by the Ceylon Petroleum Corporation (CPC) that the new fuel will be sold at the same price as the 90 Octane petrol at present. Trade unions of the CPC have said that the price of 92 Octane petrol will be increased since the CPC will have to import refined stocks at a high price. The unionists explained that the country’s sole oil refinery in Sapugaskanda cannot refine oil to produce 92 Octane petrol and the CPC will therefore have to import the entire stock from overseas. According to the trade unions, the CPC will not be able to sell the 92 Octane petrol at the same price as 90 Octane petrol. The CPC recently announced that it would replace 90 Octane petrol in the local market with 92 Octane petrol from January next year and that the 92 Octane petrol will be sold at the same price as the 90 Octane petrol.

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