CPC’s Rs. 29.2 billion profit rests on Rs. 41 billion subsidy
The Finance Ministry's mid-year report shows CPC made a Rs. 29.2 billion net profit in January to June 2026 after a Rs.…
Tag: CPC
Fuel queues: Sinopec and RM Parks cut supply over losses, CPC chairman says
Recent fuel queues were caused by private operators reducing distribution because of losses, not by a shortage, and the Energy Ministry is…
CPC weighs fuel price hike as LIOC, Sinopec and RM Parks cut back supplies
The CPC is considering raising fuel prices after LIOC, Sinopec and RM Parks, which handle 45 percent of fuel, limited their operations.
Energy Minister says fuel queues should ease by Thursday
Energy Minister Anura Karunathilake told Parliament that private suppliers cutting volumes has driven the queues, and that Ceylon Petroleum Corporation is releasing…