JVP Parliamentary Group Leader Wimal Weerawansa who making a special statement in Parliament charged that there is a plan to handover the oil trade to multinational companies.

He said CPC, IOC and the treasury own a 1/3 stake of CPSTL each and it is currently managed by CPC. However, Mr. Weerawansa charged that there is a plan to make it an independent entity to satisfy the foreign companies by several persons whom he called ‘economic assassins’. “Making CPSTL an independent company is nothing but handing it over to a foreign company,” Mr. Weerawansa pointed out.

He explained that if CPSTL is handed over to the private sector there would be no one to purchase the oil which is refined by the CPC. He informed the House that IOC does not purchase from the local refinery.

The JVP Parliamentary Group Leader also charged that the fuel prices in Sri Lanka were not revised due to oil price in the world market. He therefore said the new prices were computed by adding a part of the burden of the debt, which the CEB owes to CPC. He charged that the IOC is enjoying a profit of Rs 10 for each litre of petrol. “This is because the IOC is not involved in the large debt of CEB.

He complained that several trade union members of the CPC who educated the workers on the situation are being hunted by the government. Isn’t it essential to reduce the market share of IOC and increase the market share of CCPC?” he asked.

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