Dealers who failed to maintain minimum stocks, creating long queues near petrol stations, are to be taken to task by the CPC.

At least 255 dealers affiliated with the Ceylon Petroleum Corporation have failed to maintain minimum stocks for any Ceylon Petroleum Corporation product during the week where there were long queues seen near petrol stations.

The Minister of Power and Energy tweeted that necessary legal action would be taken against the dealers who violated the contractual conditions.

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During a progress review meeting of the Ceylon Petroleum Corporation (CPC) and Ceylon Petroleum Storage Terminal Ltd. (CPSTL), it was revealed that only 432 fuel stations out of 1050 run by the CPC held minimum stocks on all products last week, while 363 dealers maintained minimum stocks on just one product.

Directions have gone out to the CPC to review and take necessary steps against dealers that have violated the conditions of the agreements they signed with the CPC.

The cargo plan for the next 18 months, balance sheet restructuring of CPC, payments to transport bowsers, National Fuel Pass QR distribution, island-wide fuel delivery plan, and infrastructure development plan of CPSTL were also reviewed and discussed.

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