CPSTL is a joint venture between the Ceylon Petroleum Corporation and the Lanka Indian Oil Company, responsible for receiving fuel from ships, storing it and distributing it to filling stations and facilities.

Sri Lanka’s fuel consumption has come down by 50 percent due to economic situation in the country, high prices of petrol and diesel and the reduction in consumers’ buying power, President of the Petroleum Dealers’ Association Shelton Fernando disclosed.

The consumption of fuel in Sri Lanka has dropped by around 50 percent, according to the Petroleum Dealers’ Association