• Move paves way for new suppliers to enter as importers, distributors and retail operators for petroleum products
• Bill to come up for debate in Parliament in late October

The Petroleum Products (Special Provisions) Amendment Bill has been approved at the Ministerial Consultative Committee on Power and Energy with amendments in accordance with the decisions given by the Supreme Court.

The approval for this was granted when the Ministerial Consultative Committee on Power and Energy met in Parliament on Tuesday under the chairmanship of Power and Energy Minister Kanchana Wijesekera.

This Petroleum Products (Special Provisions) Amendment Bill provides for the importation, supply and distribution of fuel to parties other than the Ceylon Petroleum Corporation and the Ceylon Indian Oil Company.

State Minister D.V. Chanaka and MPs Nalaka Bandara Kottegoda and M.S. Thowfeek were present at this Committee meeting.

Minister Wijesekera in a tweet said the Act paves the way for new suppliers to enter as importers, distributors and retail operators for petroleum products. He hopes to have it on the agenda for the third week of October for debate in Parliament.

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