BY Maheesha MudugamuwaThe Ceylon Petroleum Corporation (CPC) assured the uninterrupted supply of fuel despite allegations levelled by Opposition parties to the effect that there is a huge US dollar crisis within the country that has affected oil imports. Speaking to The Sunday Morning, CPC Managing Director (MD) Buddhika Madihahewa said that the corporation had secured sufficient fuel stocks for the next two months as of now, and that therefore, the CPC would be able to provide an uninterrupted fuel supply. He stressed that because of the said dollar crisis, the CPC is not able to unload the oil shipment brought to the country on 25 July, adding that the CPC has therefore had to pay demurrages for two days. “We brought the shipment from Indian businessman Mukesh Ambani’s company (a reference to Reliance Petroleum of Reliance Industries Ltd.). The CPC gives naphtha (an intermediate hydrocarbon liquid stream used to dilute heavy crude oil) to Ambani’s company.

Source: The Nation August 07, 2021 16:41 UTC