General
Sri Lanka to see sufficient fuel by Sunday – Energy Minister
ECONOMYNEXT – Sri Lanka will see sufficient fuel stocks in all fuel stations by Sunday, Energy Minister Kanchana Wijesekera said, after the island nation faced fuel shortage for nearly three days.
The Energy Ministry has cited that the shortage was due to failure of timely fuel ordering by stations due to expected price revisions on Wednesday and fuel stations’ failure to fulfil a mandatory requirement of maintaining minimum stock.
Motorists were seen in queues in both Ceylon Petroleum Corporation (CPC) and Lanka IOC (LIOC) fuel stations due to fuel shortage since Wednesday.
“CPC & LIOC are continuing to distribute fuel island wide & there will be sufficient fuel stocks available in all Fuel stations by Sunday,” Wijesekera said in his Twitter platform.
“CPC is also reviewing data of fuel orders placed & stocks maintained of all fuel stations in the past week. Initial reports have identified that 121 fuel stations have not placed any orders between 27th-31st May & many other fuel stations have not placed adequate orders to maintain minimum stocks.”
CPC fuel stations are required to maintain a minimum stock of 50 percent and licenses of fuel stations that have violated the conditions of their contracts will be terminated after reviewing, the minister said.
He also reviewed the fuel stations that had not placed orders & daily islandwide fuel purchases by CPC dealers from the 22nd May.
