People and industries are adjusting to the prices which were raised in March and reducing the prices will create more disaster.
Govt will then borrow more and CPC will not turn around ever.
Also Global oil prices are too volatile and we must stick to this high fixed price since we do not use a formula system. Constant meddling of prices disturbs business planning as well.
Two related articles to read showing continuing heavy govt borrowing and CPC losses:
http://www.lbo.lk/fullstory.php?nid=1964553873
http://www.lbo.lk/fullstory.php?nid=1536980373
We need to improve our economy by reducing govt debt and stop manipulation of energy prices, rupee/dollar balance and interest rates. (All this is done to keep a few people in power repeatedly over the last 50-60 years). We might have to sacrifice some growth. With this if the Euro crisis turns around then foreigners may look at the attractive CSE in a strengthening economy.
Opinions appreciated/welcome!
Cheers!