The State Minister proudly announced the current fuel stock exceeding 75,410 tons, encompassing various types of fuel for vehicles, aviation, and power generation as, as 130,791 MT of Auto Diesel, 83,275 MT of Petrol 92, 8313 MT of Super Diesel, 11,196 MT of Petrol 95, 17,274 MT of Jet A1 used for aircraft and 17,274 MT of Fuel Oil (FO) for power generation. This achievement stems from securing long-term contracts through tender procedures, guaranteeing a steady supply for the next six months.
“Usually, global oil prices are expensive during December to April because of the Winter season in Europe where their usage is high, and the demand is also high. This is why you see some increases during this period,” Minister Chanaka told reporters at a media briefing in Colombo.
“We believe that after March as usually every year, there will be reduction in the global oil prices and Singapore PLATTS. Last year for instance, we were able to reduce the fuel prices across the board by around 100 rupees during that period.”
- ECONOMYNEXT
- dailyft
Sri Lanka minister hopes to reduce fuel prices after March with boosted energy security
“Usually, global oil prices are expensive during December to April because of the Winter season in Europe where their usage is high, and the demand is also high. This is why you see some increases during this period,” Minister Chanaka told reporters at a media briefing in Colombo.
“We believe that after March as usually every year, there will be reduction in the global oil prices and Singapore PLATTS. Last year for instance, we were able to reduce the fuel prices across the board by around 100 rupees during that period.”
- ECONOMYNEXT
Over 43,000 tourists in first six days of February
Sri Lanka Tourism is experiencing a promising start to February, with over 43,000 tourists welcomed in the first six days of the month, pushing the cumulative figure for tourist arrivals to 252,035.- dailyft
