header logo
Asia asset finance
Latest
VIDEO: Govt. should be ‘ashamed’ of raising fuel price
Jun 01, 201203:48 PM
VIDEO: Govt. should be ‘ashamed’ of raising fuel price

The United National Party (UNP) today said that the government needs to be ashamed over increasing the price of fuel in Sri Lanka while fuel prices in the global market are declining.

The opposition party criticized the government for authorizing a Rs.2 hike in diesel price by Lanka IOC with effect from midnight yesterday.

UNP MP Jayalath Jayawardena claimed that the state-owned milk food company increasing the price of milk powder is an invitation for other milk powder companies to raise prices, and accused the government of ‘betraying’ the masses instead of providing relief to them.  

He vowed that the UNP would launch an island-wide mass public protest in the near future, if the government fails to stop increasing the price of fuel in this manner and provide concessions to the public.

Jayawardena further claimed that the government has invested a trillion rupees from the Employees’ Provident Fund (EPF) on the stock market, and that even though stock prices have currently gone down the Deputy Governor of the Central Bank has assured that stocks would go up in the future.

Playing with innocent public’s money by making such predictions is completely unacceptable, the Gampaha District MP told media persons today (01).

 

 

 

MostRead
Mobitel 5g
VideoStories
Former MP Udaya Gammanpila claims Suresh Sallay on hunger strike in CID custody

Former MP Udaya Gammanpila claims Suresh Sallay on hunger strike in CID custody

Govt assures fair paddy prices aligned with farmers' production costs

Govt assures fair paddy prices aligned with farmers' production costs

Schools must serve as safe and secure spaces for children -PM Harini Amarasuriya

Schools must serve as safe and secure spaces for children -PM Harini Amarasuriya

Sri Lanka's dengue cases cross 35,000 with 19 deaths reported so far this year

Sri Lanka's dengue cases cross 35,000 with 19 deaths reported so far this year

Sri Lanka marks World Environment Day 2026 under Presidential patronage

Sri Lanka marks World Environment Day 2026 under Presidential patronage

Govt is misusing PTA in an unprecedented manner, Dilith Jayaweera says

Govt is misusing PTA in an unprecedented manner, Dilith Jayaweera says

MP Upali Pannilage claims Anguruwatota elders’ home was not registered with any relevant authority

MP Upali Pannilage claims Anguruwatota elders’ home was not registered with any relevant authority

Private bus operators demand 5% fare revision following the fuel price hike

Private bus operators demand 5% fare revision following the fuel price hike

MP Ravi Karunanayake submits motion seeking parliamentary committee to probe CBSL independence

MP Ravi Karunanayake submits motion seeking parliamentary committee to probe CBSL independence

Sri Lanka likely to face drought in July-August as El Nino threat grows - Met Dept.

Sri Lanka likely to face drought in July-August as El Nino threat grows - Met Dept.

Funds collected under ‘Rebuilding Sri Lanka’ initiative remain unused in Treasury DST account?

Funds collected under ‘Rebuilding Sri Lanka’ initiative remain unused in Treasury DST account?

Fuel import costs hit USD 522 million in May,highest monthly foreign reserve outflow

Fuel import costs hit USD 522 million in May,highest monthly foreign reserve outflow

Cabinet approves allocation of over Rs. 500 million  for key development projects in 23 cities

Cabinet approves allocation of over Rs. 500 million for key development projects in 23 cities

“Govt. will fulfill public aspirations”  Past welfare programs fostered political dependency: PM

“Govt. will fulfill public aspirations” Past welfare programs fostered political dependency: PM

"CPC incurring massive losses on fuel sales" Cabinet Spokesman says fuel price revisions inevitable

"CPC incurring massive losses on fuel sales" Cabinet Spokesman says fuel price revisions inevitable

Lassana Flora