Energy Minister Kanchana Wijesekera has raised concerns over the availability of fuel in the country, stating that the only feasible option currently is to register consumers at filling stations and give them a guaranteed weekly quota.
Accordingly, he stated that this system is scheduled to be in place by the first week of July, “until we are able to strengthen the financial situation, restore 24 Hour Power and a steady Supply of fuel”, Wijesekera said.
Taking to Twitter, Wijesekera noted that owing to the current financial crisis, the Ceylon Petroleum Corporation (CPC) is only able to import fuel sufficient for a period of one week.
However, certain consumers collect large stocks of fuel for machines and generators, resulting in insufficient stocks of fuel, he explained.
Speaking in light of Sri Lanka’s recurrent power outages, Wijesekera said that providing 24 hours of uninterrupted electricity costs an additional USD 100 million monthly for Diesel, Furnace Oil and Naptha.
Meanwhile, the LP Gas shortage, too has increased the demand for electricity and kerosene, bringing the total monthly fuel bill to USD 550 million, USD 350 million more than the USD 200 million bill incurred four months ago.