July 24 (LBO) – An ongoing strike by trade unions at Sri Lanka’s petroleum distribution facility could cripple supplies at fuel sheds, if it continues over the next few days, top officials said.
Unions are demanding the removal of a newly appointed chairman to a common infrastructure facility, Common Petroleum Storage Terminals Ltd (CPSTL).
The common facility holds all petroleum storage and distribution infrastructure, pipelines and including eight depots, which have been shut down due to the strike and pipelines.
The facility is jointly owned by state owned Ceylon Petroleum Corporation and Lanka Indian Oil Corporation, with a third stake held by the Treasury.
If there are any shortcomings in the transport system, we could see a distribution problem to sheds in the next few days, which is my concern. But we are expecting this will be settled quickly, Jaliya Medegama, Chairman of Ceypetco told LBO.
Fuel sheds usually hold stocks of diesel for about three days and petrol for about five days, but panic buying could deplete stocks faster.
A prolonged strike will affect supplies at both Ceypetco and Lanka IOC sheds.
Fears of shortages have alrea