The Cabinet has granted approval to provide fuel subsidies aimed at easing the burden on Sri Lanka’s fishing community.
Under the new scheme, small fishing boats will receive a subsidy of Rs. 50 per litre, while multi‑day fishing vessels will be entitled to Rs. 150,000 per trip.
The Ministry of Fisheries has announced that the program will take effect from April 20.
The decision follows a special discussion between Minister of Fisheries, Ramalingam Chandrasekar and President Anura Kumara Dissanayake, focusing on the severe challenges faced by the fisheries sector.
Rising global fuel prices and supply disruptions, triggered by ongoing instability in the Middle East, have placed significant pressure on local fishermen.
During the talks, particular attention was given to measures that would help restore the fishing industry swiftly and reduce the economic strain on fishing communities.
The newly approved subsidy is expected to provide immediate relief and support the revival of the sector. (Newswire)