INSUBCONTINENT EXCLUSIVE:
The government has reportedly drawn attention to protecting the existing fuel stocks in the country due to the uncertainty of fuel supplies
in the world market as a result of the escalating war situation in Gaza.Meanwhile, President Ranil Wickremesinghe has also issued directives
pertaining to the matter recently, the Ceylon Petroleum Corporation (CEYPETCO) said, mentioning that it has been focusing on a better
management system of currently prevailing fuel stocks in the country.In the meantime, the Ministry of Power and Energy and the CEYPETCO have
initiated discussions regarding future course of actions for protecting the currently available fuel stocks within the country, after a
period of two months.These discussions are reportedly focused on deciding whether the previous QR code system will be re-launched or another
managed supply system will be implemented if a fuel crisis arises again.However, although no issues have currently arisen regarding the fuel
stocks, the government has instructed the relevant authorities to prepare a plan in case of any crisis in the near future.CEYPETCO further
emphasized that since SINOPEC is also successfully carrying out retail operations in Sri Lanka, it will be able to maintain the fuel supply
without any crisis in the future.Nevertheless, if any crisis situation is created due to the impact of current global situation, the
relevant fuel management methods will be announced after prior notification, according to the CEYPETCO.
