05 new Oil Refineries to be constructed in Sri Lanka

05 new Oil Refineries to be constructed in Sri Lanka

05 new Oil Refineries to be constructed in Sri Lanka

Written by Zulfick Farzan

17 Aug, 2020 | 6:18 pm

Colombo (News 1st); The new Minister of Energy Udaya Gammanpila said 05 new Oil Refineries will be constructed in Sri Lanka and the existing Oil Refinery at Sapugaskanda will be modernized.

” 80% of Sri Lanka’s refined oil is imported and 20% is refined locally,” said the Minister adding the Government policy is to stabilize the prices in the local market.

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