Sri Lanka, Feb. 28 -- The Chairman of the Ceylon Petroleum Corporation (CPC), D.J. Rajakaruna, says that the 3% discount currently granted to fuel distributors will be abolished, with a new payment formula set to take effect from tomorrow (01).

Addressing a press briefing today (28), the CPC Chairman claimed that the 3% discount, which has been in place since the circular issued on March 10, 2022, was unlawful.

"These people were entitled to a 3% discount. But it is implemented as per the circular issued on March 10, 2022. According to that, the current amount paid is unlawful. It is clearly stated that if the price of diesel increases beyond Rs. 121, then the corresponding 3% amount is paid. For petrol, it is Rs. 162. If so, those peop...