PUCSL Chair to be summoned to COPE

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Officials from the Ministry of Power and Energy and the Public Utilities Commission of Sri Lanka (PUCSL) Chairman are expected to be summoned before the Committee on Public Enterprises (COPE), following PUCSL Chairman Janaka Ratnayake’s statement that petrol and diesel can be sold at a price of approximately Rs 250 in Sri Lanka.

Ratnayake made this remark when the Committee on Public Enterprises (COPE) met in Parliament this week to examine the Auditor General’s report for the years 2018 and 2019 and present performance of the PUCSL.

Explaining this further, Ratnayake said this is revealed when checking the statistics on the import prices of petroleum and the taxes levied by the Government. He pointed out that petrol and diesel can be provided in Sri Lanka at Rs 200 less than the present price. According to this, petrol and diesel can be sold at a price of approximately Rs 250. He also said the Government has collected a tax of Rs 280 for one litre of diesel imported on 1 July.

He said this is his personal statement and he would make the statement after consulting the data.

The members present asked about the awareness of the officials of the commission and the Directors said they are not aware of it. It was also mentioned that the Ministry of Finance has not formally informed about this.

COPE Chairman, Dr. Charitha Herath said the statement made by PUCSL Chairman regarding the fuel price is more serious and the attention of the country is being drawn on this. Therefore, officials from the Ministry of Power and Energy and the PUCSL Chairman are expected to be summoned before COPE to investigate the matter in the future, Dr. Herath said.