
Fuel queues: Sri Lanka puts private suppliers on notice
So the international market fuel prices have risen sharply, private fuel suppliers who don’t have tax revenue to cushion their losses reduced the fuel released to the market.
Isn’t that how a business works? You can’t exactly expect them to sell fuel at a loss and continue doing so and then compare it to the CPC which is a SOE and has the treasury to bail them out so they don’t have to worry about losses as much as a private entity would.
Why not just allow free market pricing? CPC can sell at a cheaper rates and the Pvt suppliers can charge international and competitive rates.
News link : https://www.newswire.lk/66pr