INSUBCONTINENT EXCLUSIVE:
Sri Lankan government on Friday (Aug 12) has gazetted the Petroleum Products (Special Provisions) Amendment Bill.The said Bill, published
under the directives of Power - Energy Minister Kanchana Wijesekera, allows selected specific sectors of the economy to individually import
necessary fuel quantities.Accordingly, the government will issue licences to identified parties for importing petroleum products.On April
25, the approval of the Cabinet of Ministers was received for the proposal tabled by Minister Wijesekera in this regard.As fuel is essential
for all economic activities in the country, it is appropriate to issue licenses to selected specific sectors of the economy to import and
use the fuel they require individually, the government has said.Subsequently, the legal draftsman was advised to draft a Bill to amend the
Petroleum Products (Special Provisions) Act, No
33 of 2002, in order to make provisions to issue licence to properly identified parties.
This article first appeared/also appeared in https://adaderana.lk
