Srilanka, Oct. 13 -- Sri Lankan President Anura Kumara Dissanayake announced that the government is reviewing initial contractual agreements signed with private fuel distributors to address supply bottlenecks and pricing disparities between private retail outlets and the state-owned Ceylon Petroleum Corporation (CPC).
Addressing business leaders at the Sri Lanka Economic and Investment Summit 2026, President Dissanayake outlined the fiscal measures taken to cushion domestic industries and households against volatile global energy prices caused by ongoing Middle Eastern conflicts. To prevent economic shock and preserve GDP growth momentum, the government allocated Rs. 60 billion during the first five months of the year, providing a Rs. 100 ...