The Ministry of Power and Energy has held discussions with the Ceylon Petroleum Corporation (CPC) and the Ceylon Petroleum Storage Terminals Ltd (CPSTL) to plan for cargo requirements for the next 12 months, Minister of Kanchana Wijesekara said.
Discussions were also held to increase the existing storage capacities at CPSTL Kolonnawa and Mutthurajawela terminals and regional depots to maintain a larger buffer stock.
The moves come amidst concerns that there would be higher demand for fuel in the upcoming months.
The Minister however ruled out speculative reports about the possible reintroduction of the QR pass system for fuel.
“The Govt, Ministry of Power & Energy or CPC has not engaged in any discussion to re-introduce the National Fuel Pass QR system or any quota system for fuel as falsely mentioned…” the Minister said in a Twitter message.
Oil prices have climbed over fears the Israel- Hamas war could embroil the wider petroleum-producing Gulf region and threaten global output, international media reported last week.
Oil prices jumped more than 3% after members of the militant group Hamas launched its surprise attack on Israel.
A person who carried a nine millimeter fire arm to the departure terminal of the Bandaranike International airport was arrested by airport police yesterday.
Former President Ranil Wickremesinghe has been summoned by the Bribery Commission following a statement he made supporting MP Chamara Sampath Dissanayake who is in custody.
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