CPC inks one-year jet fuel agreement

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The Ceylon Petroleum Corporation (CPC) has entered into a one-year arrangement for the provision of jet fuel, and the first shipment will arrive between 12 August and 14 August.

Minister of Power and Energy Kanchana Wijesekera said payments for a diesel shipment were settled on 2 August. He said in a tweet regarding an update on fuel purchases that the unloading began yesterday (3).

The tweet further stated that a partial advance payment had been made for one petrol shipment and one diesel shipment.

Cabinet approved opening up the jet fuel import and distribution sector to bunker licence holders, as the country’s jet fuel reserves had depleted to the point where airlines were urged to tanker fuel for the return journey. 

Wijesekera requested Cabinet authorisation to authorise the import, supply, and sale of Jet A-1 aviation fuel to fuel bunker holders registered with the Sri Lanka Ports Authority (SLPA) to keep aviation services running. The daily aviation fuel requirement for arriving and departing aircraft is roughly 1.2 million litres. (TR)