Trade unionist Ananda Palitha says the temporary suspension of operations of the Sapugaskanda Oil Refinery could lead to power cuts in the future.
Palitha speaking to NewsRadio said the suspension of operations will result in losses amounting to USD 600,000 daily.
He said this is due to at least USD 15 having to be spent on a refined oil barrel.
The trade unionist said funds that could have been used to import essential items to avoid shortages are lost due to corrupt activities of the administration including the subject Minister and the Chairman of the Ceylon Petroleum Corporation.
He said there will be definite power cuts once again as the Ceylon Electricity Board has clearly stated that water levels have also reduced by 40%.
Palitha said the power supply will be in high demand by mid-January due to the weather.
He questioned if the country possesses sufficient funds to purchase fuel after suspending operations of the refinery as Sapugaskanda meets the entire demand of furnace oil.
Palitha charged the government of increasing fuel prices when the price of fuel in the world market has been low for two months.