Sri Lanka parliament endorsed an amendment to existing petroleum law on Tuesday (18) to eliminate monopoly enjoyed by loss-making state-run fuel retailer Ceylon Petroleum Corporation (CPC) amid protest by its employees.
The Petroleum Products Special Provision Bill Amendment was passed with 77 voted for against 17 in the 225-member parliament.
“This will allow global suppliers to enter as retail operators, eliminate CPC monopoly on Jet Fuel & liberalize energy sector,” Kanchana Wijesekera, the Minister of Power and Energy said in his twitter feed.
