GPS tracking systems to be installed to all CPC-owned fuel tankers

Date:

By: Isuru Parakrama

Colombo (LNW): GPS tracking systems will be installed to fuel tankers owned by the Ceylon Petroleum Corporation (CEYPETCO) and all private tankers will follow in the same manner, Power and Energy Minister Kanchana Wijesekara said.

These GPS tracking systems will be installed by April 15, 2023, and the Minister said all fuel stations will be required to maintain a minimum 50 per cent of stock tank capacity.

Following a progress review meeting with the CEYPETCO and the Ceylon Petroleum Stock Terminal Limited (CPSTL) management and officers this (06) morning, the Minister emphasised that the fuel cargo plan for the next eight weeks, refinery operations and fuel distribution during the festive season have been reviewed.

Decisions were taken to suspend forty fuel stations that have failed to adhere to the QR quotas, he added.

Share post:

spot_imgspot_img

Popular

More like this
Related

Regulatory Uncertainty Threatens Foreign Investments amid Economic Fragility

Sri Lanka’s fragile investment recovery faces renewed pressure as...

Cyclone Shock Exposes Power Sector Fault Lines, CBSL Warns

The aftermath of Cyclone Ditwah did more than replenish...

Cyclone Ditwah Exposes Economic Fragility amid Policy Paralysis

Sri Lanka’s post-crisis economic recovery suffered a severe reversal...

China Pumps Millions into Colombo Port City as Policy Chaos Looms

China Harbour Engineering Company (CHEC) has doubled down on...