Sri Lanka, April 26 -- Colombo, April 26 () - The Cabinet has approved a proposal to establish a dedicated regulator for the energy sector.

Taking to 'X', Power and Energy Minister Kanchana Wijesekera said the petroleum, LPG, LNG, lubricants, oils and broader energy sectors are set to fall under the purview of the newly formed regulatory body.

The Public Utilities Commission of Sri Lanka (PUCSL) will retain its role as the regulator for the electricity sector, while the forthcoming regulator will assume responsibility for governing various aspects of the petroleum and energy industries.

This separation of oversight is expected to streamline the regulatory processes, foster greater accountability and optimize sector-specific regulations...