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After 40 years, Hon. Minister Arjuna Ranatunga initiated constructing a new oil tank terminal in Kolonnawa, today. Under the approval of the cabinet, this project include 10 oil tanks which are 3 tanks with 11,200 mt,  An Aviation fuel tank with 11,900 mt, A diesel tank with 12,600 mt, 3 diesel tanks with 5800 mt, A kerosene oil tank with 5600 mt and a diesel tank with 3800 mt capacity. The groundbreaking ceremony was held by Minister Arjuna Ranatunga, today. During this ceremony, Minister Arjuna Ranatunga stated that they planned to initiate this project, because of the high demand of fuel consumption. After 2009, increment of fuel consumption is 90% which is annually 7%. As stated by the Minister, Their expectation is to increase the fuel storage up to 60 days, which only lasts for 30 days, now.

“Even though the cabinet approved to initiate this project years ago, it hasn’t began till now. We have taken steps to initiate this project by informing the cabinet. All of us knew the fuel crisis that took place last days. I never say it’s a good sign. But I always notice a good sign in every bad situation. After this crisis, everyone including the President, Prime Minister and the cabinet ministers understood the significance of the fuel storage. We received the blessing of the President and the Prime Minister for this project. We also have taken steps to repair the current pipeline system after 40 years. There’s a controversy over the Trincomalee oil tanks. No one wanted to use these tanks and they are depreciated. We expect to use the depreciated oil tanks too. We also expect to discuss with the IOC, under the 18 years contract, to develop this together. Even though I’m against the privatization, we can look for a better foreign investor to develop the country, favoring us” Hon. Minister Arjuna Ranatunga stated.

The capacity of the fuel tank which is to be construct is 11,200 mt and it will cost Rs. Million 412 to build this. Under the supervision of the engineers in Ceylon Petroleum Corporation, they expect to finish this project within 18 months. Secretary of the Ministry of Petroleum Resources Development Mr.Upali Marasinghe stated that they have already completed the 80% of laying a new pipeline from Colombo port to Kolonnawa. Chairman of the Ceylon Petroleum Corporation Mr.Dammika Ranatunga added that they expect to use the new technology and the knowledge to distribute the fuel efficiently.  Several dignitaries including the Managing Director of the CPSTL Mr. Sanjeewa Wijerathna graced this occasion.

 

- Media Unit - Minister Office

Current Local Fuel Prices

 

 

 

 

 

 

Petrol 92 Octane : Rs. 145.00 Per Litre

Petrol 95 Octane : Rs. 157.00 Per Litre

Auto Diesel : Rs. 118.00 Per Litre

Lanka Super Diesel : Rs. 130.00 Per Litre

Kerosene : Rs. 70.00 Per Litre

Lanka Industrial Kerosene : Rs. 110.00 Per Litre

Furnace Oil 800Sec : Rs 80.00 Per Litre

Furnace Oil 1500Sec : Rs 80.00 Per Litre

Furnace Oil 3000Sec : Rs 80.00 Per Litre

Source : Ceylon Petroleum Corporation

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