Friday, 24 May 2024 14:34

SL fuel consumption comes down by 50 percent mainly due to drop in demand Featured

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Ceylon Petroleum Storage Terminal Company’s (CPSTL), probable irregularities within the fuel distribution system has had an indirect impact on fuel consumption data countrywide which was a significant drop due to decline in demand , ministry of power and energy sources highlighted.

CPSTL is a joint venture between the Ceylon Petroleum Corporation and the Lanka Indian Oil Company, responsible for receiving fuel from ships, storing it and distributing it to filling stations and facilities.

Sri Lanka’s fuel consumption has come down by 50 percent due to economic situation in the country, high prices of petrol and diesel and the reduction in consumers’ buying power, President of the Petroleum Dealers’ Association Shelton Fernando disclosed.

The consumption of fuel in Sri Lanka has dropped by around 50 percent, according to the Petroleum Dealers’ Association

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