• Thu. Dec 8th, 2022

Ministerial Consultative Committee cleares Amendments to Petroleum Products Act to liberalize duopoly Petroleum market

The Petroleum Products (Special Provisions) Amendment Bill was approved by the Ministerial Consultative Committee on Power and Energy with amendments in accordance with the decisions given by the Supreme Court.

The approval for this was granted when the Ministerial Consultative Committee on Power and Energy met in Parliament yesterday (04th) under the chairmanship of the Minister of Power and Energy Kanchana Wijesekera.

This Petroleum Products (Special Provisions) Amendment Bill provides for the importation, supply and distribution of fuel to parties other than the Ceylon Petroleum Corporation and the Ceylon Indian Oil Company.

State Minister D. V. Chanaka and Members of Parliament Nalaka Bandara Kottegoda and M. S. Thowfeek were present at this Committee meeting held.

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