The Cylone Petroleum Corporation (CPC) will definitely increase all fuel prices within a week, says the United Trade Union Alliance.
Its convener Ananda Palitha said that with the increase in fuel prices by Lanka India Kell, customers at those outlets will also be flocking to Cipetco outlets.
He added that as a result, Ceypetco’s losses would continue to rise and, as a result, Ceypetco’s fuel prices would inevitably rise.
He said the Indian Oil Company had raised its prices with the understanding of both parties and that Ceypetco would soon increase fuel prices accordingly.
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