The Ceylon Petroleum Corporation (CPC) said on Tuesday there is no fuel shortage in Sri Lanka and that recent queues at filling stations were caused by reduced releases from private suppliers and panic buying.
CPC Chairman D. J. A. S. De S. Rajakaruna told reporters the corporation had raised its daily diesel issuance from 3,074 metric tons to 3,900 metric tons to cover the gap.
He said Indian Oil Corporation had cut its daily diesel releases by 45 percent to 535 metric tons since January. Sinopec’s diesel releases fell by 66 percent to 201 metric tons, and RM Parks’ by 48 percent to 236 metric tons. Sinopec and RM Parks also cut petrol releases by 30 percent each, he said.
Rajakaruna said false reports on social media had drawn people to filling stations, and urged motorists to buy fuel from the nearest CPC station as normal.
He also said there would be no fuel price revision in the next three months if global market conditions remain unchanged.
