Friday, 09 February 2024 10:16

Sri Lanka earned $3mn from resuming bunkering system - State Minister Featured

State Minister of Power and Energy, D.V. Chanaka, says Sri Lanka has generated a revenue of USD 3 million through the sale of 5,200 MT of fuel via the revived bunkering system for vessels. This signifies a significant step forward in stabilizing the country’s energy finances, he added.

Furthermore, the lawmaker emphasized the establishment of a USD 200 million buffer stock. According to him, this prudent measure demonstrates proactive planning to mitigate future economic fluctuations and ensure energy security.

Acknowledging the past economic struggles, he referenced the time when Sri Lanka faced fuel shortages and long queues.

He, however, highlighted the nation’s gradual progress achieved through collective efforts. Commending everyone involved for their dedication, he attributed the current stability in oil supply to their collaboration.

 

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