Two Ministers to visit Russia today

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Two ministers will travel to Russia today (27) to discuss matters related to fuel imports and other issues.

Minister Kanchana Wijesekera said, bunker suppliers have been granted permission to deliver fuel to industries established in Sri Lanka that deal in US currency.

“Due to the country’s severe currency collapse, Sri Lanka is inviting companies with capacity, including marine bunker companies, to provide jet fuel at the country’s airports,” he said.

The Minister told the media yesterday (26) that overseas fuel companies that produce fuel will be invited to set up shop in Sri Lanka, and that CPC filling stations will be provided for them because the CPC cannot bear the burden of importing fuel to Sri Lanka on its own.

He noted that the CPC will become a more service-oriented institution in order to facilitate fuel imports.

He had previously selected a company from a half-dozen proposals and given it the go-ahead to supply Jet fuel but the firm had been unable to deliver thus far.

“Sri Lanka will not cancel the award, but we would like to give other companies the opportunity to supply Jet-A 1 as well. Lanka IOC, a subsidiary of Indian Oil Corporation, had the option to enter the market as well. SriLankan Airlines, a State-owned carrier, has also been granted permission to import fuel. SriLankan Airlines was receiving fuel from India for some long-haul flights, and most airlines flying to Colombo are ‘tankering,’ or bringing extra fuel for the return journey,” he said.