By Bandula SirimannaView(s):
Sri Lanka’s state-owned Ceylon Petroleum Corporation (CPC) is devising plans to increase its jet fuel imports in the next two years anticipating a rise in domestic demand in the aviation sector, an official procurement plan revealed.
The CPC will increase jet fuel imports by 38.33 per cent to 593,440 metric tons next year and in addition 7.4 per cent more to 635,820 metric tons in 2022.
According to official documents, CPC has no alternative other than importing refined petroleum products to meet the local demand as the production at the Sapugaskanda oil refinery is insufficient to tackle the demand.
The Government has to expedite the procurement process of fuel imports as the CPC refinery has to shut down for maintenance once in every two years.
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