The Hon. Kumara Jayakody
Kumara Jayakody stated that the Ceylon Petroleum Corporation had recorded Rs. 32 billion in profits and remitted substantial funds to the Treasury. He argued that changes in CPC’s profit share were due to around 600 CPC-operated fuel sheds being transferred to private and foreign companies under prior agreements, while maintaining that overall profits had increased through other revenue streams.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Speaker, it is on record that CPC has made Rs. 32 billion in profits so far; we have remitted substantial funds to the Treasury. Remember, about 600 CPC-operated sheds were sold to the private sector. They signed agreements and allocated sheds to three companies; one could not proceed. Now you ask us why profits change. When 600 sheds previously handled by CPC are given to foreign private companies, the profit share reduces. That is the crux. Nearly 600 sheds—more than half—were given. Nevertheless, we have increased overall profits through other streams. Do not cherry-pick a phrase.
Provenance
- Source
- Hansard, Thursday, 20 November 2025 ·No. 22934 ·English daily/uncorrected Hansard
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- not yet extracted — page/column anchors are not in the current dataset; the source PDF is the citable location.
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/lk/speeches/4297
Cite as: The Hon. Kumara Jayakody. 10th Parliament, Parliament of Sri Lanka. Hansard, 20 November 2025. No. 22934. Politick, https://staging.politick.io/lk/speeches/4297