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Cabinet nod to present Petroleum Products Amendment Bill in Parliament

In order to ensure the continuous supply of petroleum products due to the acute foreign exchange deficit currently existing in the country, the cabinet decided to amend the Petroleum Products (Special Provisions) Act No. 33 of 2002 to allow more competing parties to be licensed for the importation of petroleum.

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Accordingly, the relevant bill has been prepared and the clearance of the Attorney General has been received for the said bill.

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The Cabinet of Ministers has approved the proposal made by the Minister of Power and Energy to publish the bill in the Gazette and then submit it to the Parliament for approval.

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