Sri Lanka’s Ceylon Petroleum Corporation started to make profits from July 2022 after prices were made cost based, Power and Energy Minister Kanchana Wijesekera said.
Sri Lanka started market pricing fuel, gas and also raised electricity prices in the run up to a deal with the International Monetary Fund, as global fuel prices rose and the rupee also collapsed steeply from around March2022.
The CPC has lost 2,900 million rupees in January 2022, 12,000 billion rupees in February, 348,969 million rupees in March, 239,912 million rupees in April, 35,063 million rupees in May and 678 million rupees in July.
