Colombo, Sri Lanka – President Anura Kumara Dissanayake cautioned that canceling agreements established by the previous government for fuel and domestic gas supply could lead to severe shortages. In a recent address, he stressed that these contracts must continue through next year to avoid disruptions in the country’s fuel and gas availability.
Dissanayake explained that halting the agreement with a foreign supplier for domestic gas could create a shortage as soon as January 2025. For this reason, he clarified that while the new government plans to eventually move away from these deals, they would not take any action to alter them until after January 2025 to ensure consistent supply.
Furthermore, the president outlined plans to adjust the country’s fuel pricing formula, which could lead some private fuel companies to reconsider their operations in Sri Lanka. However, he asserted that the state-owned Ceylon Petroleum Corporation would continue its fuel sales, ensuring government involvement in price control to keep fuel affordable for citizens.
This announcement reflects the government’s balancing act between restructuring energy agreements and maintaining essential supplies, as it seeks to protect consumers from potential disruptions amid broader economic reforms.
