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LIOC obeys Supreme Court order in Sri Lanka
Saturday, 20 December 2008 - 6:25 AM SL Time
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Lanka Indian Oil Company (LIOC) says that the company obeys the Supreme Court order to reduce the price of a litre of petrol to Rs. 100.
Managing Director of the LIOC, KR Suresh Kumar, told BBC Sandeshaya that the company already received the Supreme Court order issued on Wednesday.
In line with the direction of the honourable Supreme Court the same is being implemented from tonight. The Supreme Court order was given only today so we consulted the lawyers and we have obeyed the order of the Supreme Court and it is being done now, he said.
Sri Lanka Supreme Court on Wednesday ordered the government to reduce the price of petrol to Rs. 100 per litre while the price of the barrel of oil remains 42 US dollars in the world markets.
Order `already dispacthed`
The court made the order after the Ceylon Petroleum Corporation (CPC) presented a new price formula.
The court dismissed an earlier formula by the CPC which proposed to impose 180 percent tax on fuel.
Noting that the benefit of the price reduction should pass on to the consumers, the CPC was ordered not to exceed 75 percent of tax.
The order was made after considering a petition against controversial hedging deals signed by the former CPC chairman, Asntha de Mel.
The government, however, is yet to implement the order on the grounds that it is yet to receive the written directive from the court.
Cabinet spokesman, Media Minister Anura Priyadharshana Yapa told the journalists on Friday that the government is yet to receive a copy of the order.
He did not say whether the government is to reduce the price of oil according to the court order.
The Registrar of the Supreme Court told BBC Sandeshaya that copies of the directive were sent to the Presidential Secretariat, Finance Ministry and the CPC on Thursday night.
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kotia
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 20 Dec 2008 00:31:06 GMT Report for Abuse
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LIOC obeys Supreme Court order in Sri Lanka
Oh really, How long did they take to realize that? If they obeyed why have not they reduced the price right away? And why do they increase as soon the price hikes are announced without showing a shortage of gas?
IOC is just a joker. It is hard to see lines over there. BUT Lanka Gas have line just in front of IOC stations for cheap gas.
Lanka Indian Oil Company (LIOC) says that the company obeys the Supreme Court order to reduce the price of a litre of petrol to Rs. 100.
Managing Director of the LIOC, KR Suresh Kumar, told BBC Sandeshaya that the company already received the Supreme Court order issued on Wednesday.
Edited By - kotia - 20 Dec 2008 00:35:57 GMT |
andyprem
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20 Dec 2008 00:36:24 GMT Report for Abuse
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Why is the judiciary a part of determining prices of anything ? .
Doesnt this seem strange to anybody ? |
WBahu
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 20 Dec 2008 00:36:57 GMT Report for Abuse
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BUT Lanka Gas have line just in front of IOC stations for cheap gas.
In srilanka only Mahinda's GAS is cheap.
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DyerMaker
Joined: Oct 2008
Posts: 620
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 20 Dec 2008 00:44:34 GMT Report for Abuse
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Our Supreme court is good!
Reduced the price of Fuel!
De merged the North from East
Sentenced Prabakaran for 200 year imprisonment for Central Bank bombing! |
DyerMaker
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Posts: 620
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20 Dec 2008 00:45:40 GMT Report for Abuse
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Kissing distance?
Where does your Family in Vanni sleep?
Open air? |
DyerMaker
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20 Dec 2008 00:48:03 GMT Report for Abuse
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Now the LTTE is on the run in Italy. Some of their master-minds, who escaped arrest in the July crack-down, have left Italian soil and have gone to other European countries where there is protection. The first noted change was when the LTTE decided to shift their broadcasting station from France to Italy. The Government of Italy is slow to take up such issues, which do not affect them. And, mainly because this station broadcast in the Tamil Language it did not affect them. The LTTE terrorism was a phenomenon that affects a tiny island called Sri Lanka. The LTTE won the propaganda war without facing any opposition. So they thought that Milan would be a safe haven from where to broadcast their propaganda, by uploading it to the satellite from there. It is a very well known fact that within a very short time the Sri Lanka Embassy in Italy took a series of important steps and the LTTE TV transmission was closed within a few days of its commencing the Test broadcast. |
DyerMaker
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Posts: 620
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20 Dec 2008 00:50:13 GMT Report for Abuse
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3 terras per a household..
bad LTTE
http://www.divaina.com/2008/12/20/news03.html |
avi1
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20 Dec 2008 00:51:09 GMT Report for Abuse
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Andyprem
Doesnt this seem strange to anybody ?
It seems not only strange but also overstepping it's jurisdiction. CJ knows that this would be a very popular ruling and he can get away with any potential repercussion of his ruling. Government should not make a big issue of this. Government should make sure lower gas price would benefit the masses. |
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