Trade unionist Ananda Palitha alleges the government is making an unfair profit of Rs.67 per litre of 92 octane petrol and nearly Rs.95 per litre of 95 octane petrol, through the increase in fuel prices.
Speaking during a media briefing in Colombo today, Palitha said the price of a barrel of crude oil is USD 67 adding according to the subject Minister the price of a refined barrel of fuel is USD 77.
He said the price of a litre of petrol increases to Rs.98 when it arrives at the Port adding Rs.12 is added to the price considering all commissions, charges and taxes including administration charges, port and development levy and interest payment to banks by the Ceylon Petroleum Corporation.
The trade unionist charged the government of increasing the price of a litre of petrol unfairly, when it should have been Rs.110.
Palitha said the price of a barrel of petrol on the 11th of June when the government increased fuel prices was USD 77 adding the price had reduced to USD 67 when the government increased prices on 20th December.
He said the maximum price increase should have been Rs.2 adding the price of a litre of 95 octane petrol is Rs.112.