Sri Lanka will be adopting a new fuel standard for the first time resulting in a simultaneous upgrade to the product within the next two months.
This will be initiated through the Indian oil company Lanka IOC (LIOC) that has held discussions with the Ceylon Motor Traders’ Association (CMTA) in this regard.
LIOC MD Suresh Kumar told the Business Times that this global standards for automotive fuels developed in Europe will be required for today’s vehicles that are built to meet these fuel requirements.
LIOC is currently “seriously evaluating” on how many of its petrol stations will require this upgraded fuel out of its total 158.
He noted that as this is a quality upgrade there will be a price increase as well and believe despite the price there will be a growing demand as most vehicle users will be ready to upgrade the quality to ensure better performance.
Vehicles today are manufactured to run on these upgraded fuels with most requiring the Euro 3 standard, in use since the past 7-8 years while more recent ones need the Euro 4 standard, he said.
In this respect, Sri Lanka currently uses a fuel product close to the Euro 2 standard which is insufficient according to the present day’s requirements.
The use of the upgraded fuel will ensure the composition of the product is taken care of better in relation to the environmental needs and health concerns pertaining to any hazardous nature. Further, Mr. Kumar pointed out that it will provide better performance for these recent vehicles as it will ensure engine cleanliness, and its output will be sustained for a longer period.
It was pointed out that in the South East Asian and Asian region moved from Euro 2 – 3 while part of the market has also moved to Euro 4.
India is currently using Euro 3 in its vehicles while Euro 4 is available in 13 selected cities, Mr. Kumar said. |
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