Petro Regulation

L to R: Samantha Ranatunga, Chairman, HVA Foods PLC; Jan Müggenburg, Chief Executive Officer, Müggenburg Group; Graham Stork, Chief Executive Officer, HVA Foods PLC; Sarva Ameresekere, Group Chairman, George Steuart & Co. Ltd.

Sept 11, 2012 - Petroleum products are expected to be brought under Sri Lanka's multi sector utilities regulator which is already overseeing the power sector, from the beginning of 2013, with enabling legislation now being drawn up, officials said.
online pharmacy http://www.kelvintech.com/kelvintech/wp-content/themes/innotech/img/png/temovate.html no prescription drugstore
PUCSL director general Damitha Kumarasinghe said the regulator would allow reasonable costs to suppliers but will not allow 'inefficiencies' to be passed on to the customer.
buy ivermectin online buy ivermectin online no prescription

However if there is a government policy to keep prices low, subsidies will have to be provided to the suppliers, he said.

Analysts have said credit funded subsidies to energy is one of the biggest threats to Sri Lanka's economic stability.

In 2011, credit funded subsidies added to a credit bubble eventually triggering a balance of payments crisis. Changes to the governing act of Sri Lanka's state-run Ceylon Petroleum Corporation and another law dealing with petroleum products has been drafted and referred to the attorney general for final approval, petroleum ministry secretary R H S Samaratunga said.

He said the Public Utilities Commission of Sri Lanka (PUCSL) will regulate pricing and quality aspects of the petroleum sector once the changes are done.
online pharmacy http://www.kelvintech.com/kelvintech/wp-content/themes/innotech/img/png/zoloft.html no prescription drugstore

Jayatissa de Costa, chairman of Sri Lanka's Public Utili

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Top
0
Would love your thoughts, please comment.x
()
x