Power and Energy State Minister D.V. Chanaka revealed plans to replace the fuel price formula with a maximum retail price (MRP) system setting a maximum retail price, allowing fuel

“To improve fuel procurement and maintain steady reserves, the Government introduced the innovative QR code system, which has significantly reduced fuel queues and increased efficiency.

Under this system, fuel tankers must be fully stocked in local warehouses, and necessary weekly purchases are made using available dollars at the Ceylon Petroleum Corporation (CPC), eliminating the need for advance payments and saving up to $ 300 million annually,” he explained