Sri Lanka, March 5 -- In a bid to strengthen national energy security amid the volatile situation in the Middle East, the Government is prioritising large-scale investment in fuel storage facilities to maintain stocks sufficient for three to four months.

A total investment of Rs.47 billion has been earmarked to expand and modernise storage infrastructure across the country, addressing the long-standing absence of a dedicated strategic fuel reserve. At present, operational and reserve stocks are held within the same facilities, highlighting the urgent need for expanded capacity.

A key project is underway at the Ceylon Petroleum Corporation complex in Kolonnawa, where six new storage tanks are being constructed.

This expansion will incre...