Dec 08, 2017

Looming shortage of aviation fuel Featured

A delay in the delivering of an order due for today is likely to cause a shortage of aviation fuel, say CPC sources.

In view of the uncertainty, the CPC is planning to buy from Lanka IOC.

That will cause a 330,000 US dollar loss for the CPC, as it will have to buy it at 4.7 USD a litre, instead of the normal price of 1.7 USD.

However, the Lanka IOC order of 14,000 metric tons too, is due be delivered only on December 13.

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