Trade Unions say operations at the Sapugaskanda oil refinery will likely be halted again since the supply of crude oil to the refinery is not sufficient, even for basic functions.
Speaking to NewsRadio Unionist Ananda Palitha said the present situation has arisen as a result of failing to place orders for necessary quantities of crude oil.
Trade Unionist Ananda Palitha said 60% of the refinery’s crude oil consumption was through furnace oil adding that there was insufficient crude oil for the continuous function of the refinery.
Ananda Palitha said 5000 Metric Tonnes of crude oil was necessary for the function of the Sapugaskanda Oil Refinery with 3000 Metric Tonnes necessary for the refinery to run at minimum capacity.
He noted that orders for crude oil shipments had not yet been placed.
Trade unionist Ananda Palitha said six to ten days were necessary for the refinement of crude oil while the country will have to bear a huge financial burden.
Trade Unionist Ananda Palitha said there was sufficient stocks of crude oil in the world noting that Russia invited Sri Lanka to engage in diplomatic talks regarding the supply of crude oil since March.
Trade Unionist Ananda Palitha said the letter regarding engaging talks with Russia was only issued after reports were circulated on Social Media.
Trade Unionist Ananda Palitha reiterated that operations at the refinery will likely be halted alongside production while the Minister of Energy, revealed a plan to privatize the distribution of fuel yesterday.
Meanwhile Ananda Palitha predicted that electricity tariffs would increase in the near future, followed an increase in fuel prices.
He charged that plans to increase electricity tariffs were already in motion and would increase within the month.
Ananda Palitha claimed that fuel prices will increase further during the month and charged authorities of acting upon commissions and bribes to increase prices while the public remained in queues.