• Last Update 2022-05-16 12:40:00

CPC seeks $200 million to import fuel soon



The Ceylon Petroleum Corporation (CPC) is grappling to find at least US$200 million to import fuel to Sri Lanka enabling it to continue petrol and diesel supply in the country this month without any shortages, the minister said.


Energy Minister Udaya Gammanpila said that he will make request for US dollars at the Cabinet meeting scheduled for today (Monday January 10).

He disclosed that the CPC needs $300 million for fuel imports but it has only $150 million and there was an immediate requirement of $52 million to clear two petrol and diesel shipments currently stuck at the port.

The CPC processed a stock fuel sufficient for 10 days to meet the demand of the motorists in the country, he said.

The Sapugaskanda oil refinery was not in operation due to shortage of crude oil at present while the CPC authorities are expecting a crude oil shipment by Sunday January 23, a senior official of the corporation said. (Bandula)


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