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Cabinet lifts two conditions imposed on foreign oil companies

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Sunil Handunnetti

By Rathindra Kuruwita

The Cabinet of Ministers has scrapped two conditions that were initially imposed on foreign companies that were to enter the retail oil market in Sri Lanka, Janatha Vimukthi Peramuna stalwart Sunil Handunnetti says.

One of the conditions was that the money earned by selling fuel could only be taken out of the country after a year since the ship carrying fuel arrived in Sri Lanka. The money earned by selling fuel can be converted to US. dollars only after nine months of the sale, Handunnetti said.

The other was that one percent of the monthly revenue would be held by the Ministry of Power or an institution assigned by the government.

“These conditions were initially imposed because the government said neither the Ceylon Petroleum Corporation (CPC) nor the Lanka IOC had maintained adequate dollar reserves to buy fuel, leading to shortages in 2022. These conditions were also imposed to ensure these companies did not take away the profits immediately,” he said.

However, the Cabinet of Ministers had proposed to scrap those two conditions on 19 May, Handunnetti said. The Cabinet had approved the proposal in the first week of June, he said.

“They are now saying that since the economy has stabilised those companies can convert rupees into dollars and take it out almost immediately,” he said.

Sri Lanka has premitted China’s Sinopec and the US’s RM Parks to enter the fuel distribution business here.



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The book “Intimidated?” presents a significant and timely contribution to understanding challenges, resilience, and innovation in the modern world, offering valuable insights for education, research, and social transformation – PM

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Prime Minister Dr. Harini Amarasuriya made these remarks while participating in the book launch of “Intimidated?” authored by Professor Suranga Nanayakkara, Head of Department at the National University of Singapore, held on Saturday 28 March 2026 at the Lotus Hall of BMICH.

Authored by Professor Suranga Nanayakkara, the book “Intimidated?” reflects on contemporary global and personal challenges, innovation, and the importance of resilience, offering readers a thoughtful and inspiring perspective grounded in academic experience and global exposure. The publication, along with its English translation, was ceremonially presented to the Prime Minister during the event.

Congratulating the author on this important publication, the Prime Minister stated that such scholarly work plays a vital role in inspiring future generations, particularly students and young researchers, to think critically, embrace challenges, and contribute meaningfully to society. She further emphasized the importance of knowledge-sharing and innovation in shaping a progressive and inclusive educational environment in Sri Lanka.

The Prime Minister also ceremonially launched the programme to distribute 5,000 copies of the book free of charge to students and educational institutions, highlighting the importance of making knowledge accessible to a wider audience.

The event was attended by Deputy Minister of Digital Economy  Eranga Weeraratne, Secretary to the Ministry of Education  Nalaka Kaluwewa, family members of Professor Suranga Nanayakkara, university Vice Chancellors, professors and lecturers, senior officials of the Ministry of Education, school principals, students, and invited guests.

(Prime Minister’s Media Division)

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It is the government’s objective to create an education system that provides every child with access to modern technological opportunities — Prime Minister

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Prime Minister, Dr. Harini Amarasuriya, stated that it is the government’s objective to establish an education system that ensures every child has access to modern technological opportunities.

The Prime Minister made these remarks while attending the opening ceremony of the National Competition of the World Robot Olympiad (WRO), that aims to elevate the technological skills of Sri Lanka’s younger generation to international standards, held on Saturday (28) at Burhani Serendib College in Colombo.

A total of 66 teams from schools across the island participated in this year’s competition, marking a threefold increase compared to last year. The event was held under the theme “Robots Meet Culture,” and  over 500 students,  presented creations blending local culture with modern engineering concepts.

Expressing her views, the Prime Minister stated:

“In today’s rapidly evolving world, giving priority to the fields of Science, Technology, Engineering, and Mathematics (STEM) should be a national priority.

Platforms such as the World Robot Olympiad provide opportunities for our younger generation to develop essential skills such as logical thinking, innovation, and teamwork”,

Sri Lanka participated  in the International Robot Olympiad held in Singapore in 2025, with two teams representing the country, which  marked a highly significant and enriching experience for our children.

The Prime Minister further emphasized that the government remains committed to building an education system that enables every child to benefit from such technological opportunities.

The event was attended by the Secretary to the Prime Minister,  Pradeep Saputhanthri, officials from the Indian High Commission, government officials, and school students.

(Prime Minister’s Media Division)

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Heat Index likely to increase up to ‘Caution level’ at some places in the Western, Sabaragamuwa, Southern, Eastern, North-western, Northern and North-central provinces and in Monaragala district

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Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre
Issued at 3.30 p.m. on 29 March 2026, valid for 30 March 2026.

The Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in the Western, Sabaragamuwa, Southern, Eastern, North-western, Northern and North-central provinces and in Monaragala district.

The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.


Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.

ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.

Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-7446491.

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