CPC Chairman Says Fuel Stocks Issued at 150% to Maintain Fuel Distribution, Says QR System Is Not Required

COLOMBO (News 1st) - Chairman of the Ceylon Petroleum Corperation D.J. Rajakaruna says that the it had released fuel stocks more than 1.5 times the usual daily volume of fuel into the market by last evening. 

He further noted that fuel distribution at most filling stations has now returned to normal.

Addressing rumors regarding restrictions, the Chairman clarified that the QR system is a tool meant for periods of fuel shortage.

Since the country currently maintains sufficient fuel reserves, there is no requirement to implement the QR system at this time.

However, the Chairman added that the corporation remains prepared to reactivate the QR mechanism if a situation arises where standard legal and regulatory measures are insufficient to manage distribution.