No intention to sell Sapugaskanda refinery - Minister | Daily News

No intention to sell Sapugaskanda refinery - Minister

The government has no intention to sell the Sapugaskanda oil refinery, Power and Energy Minister Udaya Gammanpila told the House yesterday (01). Instead, the Ministry is planning to recommence its operations sooner than expected, Minister Gammanpila added. The minister made these observations responding to Samagi Jana Balawegaya MP Chaminda Wijesiri. Wijesiri said the decision to close the refinery down temporarily seems skeptical. Minister Gammanpila noted that the oil refinery which is more than fifty years old has no demand from the market.

He also added that continuing the operations of the refinery is problematic as well. Even though the refinery was closed down for 50 days, its operations will commence earlier than the expected date, he also said.

“This refinery has old technology. So it cannot find any deal in the international market. Practically speaking, it is difficult to carry out its operations. No one has expressed any interest in purchasing this refinery either.” Gammanpila pointed out. Meanwhile, answering to a question by SJB MP Hesha Vithanage, Minister Gammanpila pointed out that Petroleum Corporation has incurred Rs. 70 billion loss due to not introducing price revisions. Thus the ministry has requested the Finance Ministry to relax tax payments, if it is not ready to increase fuel prices, Gammanpila observed. Sri Lanka is the only country that has not increased fuel prices last year, Minister Gammanpila said.

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