The Ceylon Petroleum Corporation says it has strengthened measures to safeguard Sri Lanka’s fuel supply by using a mix of long-term procurement agreements and spot market purchases as global energy markets remain unstable due to tensions in the Middle East.
CPC Chairman D. J. Rajakaruna said the Corporation has already secured adequate stocks of petrol, diesel, Jet A-1 aviation fuel and crude oil to meet local demand through to the end of May without interruption.
He added that all required shipments for the period have already been paid for, reflecting the Corporation’s efforts to ensure continuous fuel availability and market stability.
Officials said the strategy is aimed at reducing supply risks while maintaining sufficient reserves during a period of uncertainty in international oil markets. (Newswire)