CPC will maintain diesel at current rate

The diesel price increase by the Indian Oil Company will not adversely impact on the general fuel consumers because the company caters to a very limited market and the Ceylon Petroleum Corporation which caters to over 95 percent of the fuel market will maintain prices at the current level, said the CPC in a press release issued yesterday.

The release said the CPC had not made any decision to revise or increase fuel prices although the IOC announced a price increase of Rs. 4 per litre on diesel.

The IOC price increase will not affect the ordinary consumer because it catered to a limited market while the CPC catered to more than 95 percent of the diesel market.

The CPC also had adequate stocks in hand to cater to the entire diesel market and as such consumers need not panic over the IOC price increase.