PMD: The first fuel shipment of China’s Sinopec, which signed a contract to enter the Sri Lankan fuel market, will arrive in the country early next month, State Minister of Power and Energy D. V. Chanaka stated.
Meanwhile, steps will be taken to replace the fuel price formula with a maximum retail price, thereby creating a fuel competitiveness that benefits the country, State Minister D. V. Chanaka said.
Meanwhile, he assured that a Maximum Retail Price (MRP) will be stipulated by the Government to all fuel companies under the price formula from August.
The State Minister also said that it is expected to take a decision regarding the QR code after discussing it with all the parties in the future.
He expressed these views today (23) during a press conference themed ‘Collective Path to a Stable Country’ held at the Presidential Media Centre (PMC).
