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Oil procurement through long-term tenders by March 2018

2017-Dec-06 by  News Admin  

The Government will take all measures to ensure that oil will be procured according to a long-term tender procedure by March 2018.

Speaking in Parliament Minister of Petroleum Resource Management, Arjuna Ranatunga, gave his assurance to the House in response to several allegations by parliamentarians that the spot tender procedure was incurring unwarranted losses for the Ceylon Petroleum Corporation.

He made these remarks while taking part in yesterday’s committee stage debate on expenditure heads coming under the his ministry.

Joint Opposition MP Gamini Lokuge charged that the CPC opted for the spot tender process as it allowed CPC officials to misappropriate public funds. 

Sources : news24

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