Minister of Ports, Shipping and Aviation Services, Nimal Siripala de Silva, said due to the ongoing difficulties in obtaining foreign exchange by the Ceylon Petroleum Corporation (CPC), the Government has decided to allow the private sector to import jet fuel to sustain the country’s civil aviation industry.
He said due to the shortage of jet fuel, many international airlines have reduced or cancelled their flights to
Sri Lanka, dealing a blow to the industry.
The Minister said if this situation persists, it will seriously impact other crucial industries such as tourism, exports, and foreign investment.
He added that though the monopoly of importing jet fuel lies with the CPC, the Government has decided to open up the trade to the private sector with Cabinet approval, considering the dire situation in the country.
By Mithun Jayawardene