UNP will move no confidence motion on government – Gayantha
by Zacki Jabbar
... for failure to reduce oil prices
The UNP will move a parliamentary no confidence motion on the government,for gross economic mismanagement including the failure to pass on the benefit of reduced world oil prices to consumers,the party’s media spokesman Gayantha Karunathillake said yesterday.
He, told a news conference in Colombo, that the world market price of a barrel of petrol has fallen to US$ 39.80 and crude oil to US$ 44,but the government was unjustly refusing to lower petrol, diesel and kerosene prices accordingly.
"Oil prices are not being reduced because funds are urgently required to revive the loss making Mihin Air and foreign jaunts of the President and his jumbo cabinet. But the UNP will not sit by idly. We have decided to move a no confidence motion on the government so that the poor would be able to breathe freely and obtain their bare necessities at affordable prices."
According to President Mahinda Rajapaksa, the people need not go to Courts or demonstrate to obtain their basic needs, but the masses were bluffed for the umpteenth time when a token reduction of Rs.30, Rs.20 and Rs.15 on diesel, kerosene and petrol respectively, was announced in the 2009 Budget. This is nothing,in comparison to the continuous drop in oil prices over the last five months, Karunathillake said.
"Mihin Air is being revived to boost one person’s image even though it had suffered a Rs.3,000 million loss in just one year and is Rs.600 million in debt to the Ceylon Petroleum Corporation.The 2009 Budget has now proposed a further Rs.6000 million for the airline."
He said that the ill conceived oil hedging contract entered into by the CPC, has resulted in the Corporation having to pay foreign banks a sum of US$ 25 million in a months time. Failure to pay up,would mean the debt burden increasing further.
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