📈 CPC Responds to Verité Research on Fuel Pricing Claims

• Context: The Ceylon Petroleum Corporation (CPC) Chairman has issued a formal right of reply responding to a recent Verité Research column published in the Daily FT, which claimed Sri Lanka's fuel was "both overpriced and under-priced." • Key Disputes: CPC strongly refuted statements alleging that the corporation suffered losses due to paying "unduly and unjustifiably higher than average global market prices" and that private competitors were bypassing middleman profiteers. • Official Position: The CPC Chairman stated these claims are factually incorrect, unverified, and lack supporting data. He clarified that government fuel subsidies and pricing decisions are uniformly applied across all licensed fuel marketing companies in Sri Lanka. • Current Status: Based on official correspondence, CPC has requested a factual review and a correction from the publication to prevent public distortion regarding the national energy sector's regulatory and pricing mechanisms.