CPC initiates action against fuel station dealers for non-compliance: Power and Energy Minister

Monday, 31 July 2023 00:13 - - {{hitsCtrl.values.hits}}

CPC informs 101 fuel station dealers of 92 Octane, 61 dealers of Lanka Auto Diesel have not maintained 50% mandatory stock capacity
Minister assures sufficient stock availability

Power and Energy Minister Kanchana Wijesekera announced yesterday that the Ceylon Petroleum Corporation (CPC) has recently noted that a significant number of fuel station dealers have failed to maintain the required 50% stock capacity ahead of an anticipated fuel price revision in August.

Taking to Twitter the Minister noted that 101 fuel station dealers for 92 Petrol and 61 dealers for Lanka Auto diesel were found to be in non-compliance with the stock requirements.

However, the he assured that the situation has shown improvement, as the fuel station dealers have taken action to rectify the issue by placing adequate orders to meet the stock requirements as of Saturday (29).

The CPC, in response to the non-compliance, has taken decisive steps to manage the situation effectively.

Minister Wijesekara informed that the CPC has recently taken over the management of a few fuel stations that were found to have insufficient stock levels. Additionally, legal proceedings have been initiated against multiple other fuel station dealers who failed to maintain the required stock capacity.

Despite the challenges posed by the non-compliant fuel station dealers, the CPC ensures that it has sufficient stocks available for delivery to meet the country’s fuel demands. The Minister emphasised the importance of maintaining adequate stocks at all fuel stations to ensure a steady supply of fuel to the public.

As per the Minister stock details of the Ceylon Petroleum Storage Terminal Ltd., (CPSTL) and CPC Plants include; 124,690 tons of diesel, 5,651 tons of super diesel, 19,903 tons of Octane 92 petrol, 4,537 tons of Octane 95 petrol and 26,539 tons of Jet A1 fuel.