Minister of Petroleum Resources Development Arjuna Ranatunga says that the final decision on whether to increase fuel prices should be taken by the Prime Minister and the President.
He expressed this view addressing a function held today (19) to extend New Year wishes to the employees of the Ceylon Petroleum Storage Terminals, Ceylon Petroleum Corporation, and the Ministry.
Minister Ranatunga said no government has so far decided whether the Ceylon Petroleum Corporation or the Ceylon Petroleum Storage Terminal Company should be maintained as a profit-making institution or as a service provider to the public.
“However, this decision should be taken quickly as a government,” he added.
“Also, lot of people are talking about whether oil prices will be raised or not. The Finance Ministry and the officials also have discussed this with us. But the government should decide on increasing or reducing oil prices. It should be taken by the cabinet, the President and the Prime Minister,” he emphasized.