Sri Lanka’s state-run fuel retailer Ceylon Petroleum Corporation (CPC) is earning 45-50 rupees from each litre of petrol at the moment as the second largest loss-making state-owned enterprise is looking for some recovery in the past losses, Energy Minister Kanchana Wijesekera said.
The Minister revealed this at a forum that discussed the challenges and opportunities in the island nation’s petroleum sector.
“The CPC is earning 45-50 rupees of profit from each liter of petrol now. We have to recover some past losses,” Wijesekera told the forum organized by Sri Lanka branch of German-based Friedrich Naumann Foundation later on Thursday (01).
