Posted by ONLANKA Newsroom on June 1, 2026 – 12:18 pm
The Sri Lankan authorities plans to implement the QR gasoline distribution system extra strictly sooner or later to scale back gasoline consumption and reduce the influence on the financial system.
Talking at a media briefing in the present day (June 1), Minister of Vitality Anura Karunathilaka mentioned the nation is going through a rising have to considerably cut back gasoline utilization as the present disaster continues.
The minister famous that the QR system and gasoline quota system have already helped obtain a substantial discount in gasoline consumption. Nevertheless, he mentioned the discount has not but reached the extent required by the nation.
He identified that rising gasoline costs within the world market have led to a pointy enhance in international change spending on gasoline imports. Based on the minister, Sri Lanka spent USD 186 million on gasoline imports in January and USD 97 million in February, however the fee had risen to USD 524 million by Could.
Minister Karunathilaka mentioned the rising outflow of international change for gasoline imports is changing into troublesome to maintain and warned that failure to scale back gasoline consumption may contribute to larger gasoline costs sooner or later and create wider financial challenges.
He additional acknowledged that the federal government believes lowering gasoline consumption is important to restrict the quantity of international change leaving the nation and to scale back strain on the financial system.
The minister mentioned that the Ceylon Petroleum Company, along with the Ministry of Digital Financial system, is predicted to take the mandatory steps within the coming interval to implement the QR gasoline system extra strictly than at current.
He expressed confidence that stronger enforcement of the system would assist cut back gasoline consumption additional and reduce its financial influence.
