Petroleum Products (Special Provisions) (Amendment) Act effective from Oct. 26

INSUBCONTINENT EXCLUSIVE:
Petroleum Products (Special Provisions) (Amendment) Act, which was passed in the parliament, is effective from October 26, Minister of Power
- Energy Kanchana Wijesekera says.This was announced in a special gazette notification published by Minister Wijesekera earlier.He stated
that following an evaluation, new retail suppliers for the sale of petroleum products would be permitted to enter the domestic market by the
end of the year.The Act is expected to encourage investments and set up an Energy Supply Committee for regulation
It would eliminate the monopoly of the Ceylon Petroleum Corporation (CPC) on Jet Fuel.The Petroleum Products (Special Provisions)
(Amendment) Bill was passed in the parliament on October 18 to amend the Petroleum Products (Special Provisions) Act No
Provisions) (Amendment) Act No
27 of 2022 by Ada Derana on Scribd
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