Sri Lanka finds way around CPC monopoly to end aviation fuel crunch: Minister

Sri Lanka is in discussions with suppliers to allow them to bring aviation fuel, stock them in state-run Ceylon Petroleum Corporation’s facilities and pay them later from the revenue earned from sales, Energy Minister Kanchana Wijesekera said.

Sri Lanka is short of aviation fuel due to the inability of the CPC to find foreign exchange to pay suppliers, who are demanding pre-payment as the state-run firm has a monopoly on aviation fuel.

SriLankan Airlines and Airport and Aviation Services and some other companies had asked for permission to import and sell aviation fuel, but the legal monopoly is with the CPC.

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