Fuel prices may have to be increased – CPC Chairman

Fuel pumping

The Ceylon Petroleum Corporation (CPC) has requested the government to increase fuel prices.

CPC Chairman Sumith Wijesinghe said that the Petroleum Corporation needs to increase fuel prices in order to offset world market price hikes.

He claimed as of the 31st of August, the CPC suffered losses amounting to Rs.70 billion.

He added the main solution is to increase fuel prices.