SriLanka, April 26 -- The Ceylon Petroleum Corporation (CPC) has stepped up efforts to strengthen the country's fuel security by combining long-term supply contracts with spot market purchases, officials said yesterday as global energy markets remain volatile amid ongoing Middle East tensions.
CPC Chairman D. J. Rajakaruna said the CPC has secured sufficient fuel stocks - including petrol, diesel, Jet A-1 aviation fuel (a type of kerosene), and crude oil - to meet the national demand without disruption until the end of May. "All shipments required for this period have already been paid for," he said, highlighting the Corporation's focus on maintaining supply stability.
Ceylon Petroleum Storage Terminals Ltd (CPSTL) Executive Director He...
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