Free flow of fuel
Govt to opt for alternative energy sources:
COLOMBO: Denying any plans to restrict the amount of oil distributed
to consumers, Petroleum and Petroleum Resources Development Minister
A.H.M. Fowzie said that the Government will look at alternative energy
sources to address problems caused by the rapid increase in oil prices.
Minister Fowzie told the Daily News yesterday that although a fuel
price hike was inevitable given the present conditions in the world
market, no proposal has been made to limit the fuel supplied to the
public through filling stations.
Meanwhile, the Cabinet Sun Committee appointed to study the impact of
fluctuating oil prices on Sri Lanka which met yesterday decided that the
public should not be burdened despite the financial difficulties faced
by the Ceylon Petroleum Corporation due to rising petroleum prices.
They decided to adopt a two-pronged approach to this issue in the
short term to ensure that the ordinary public would not be affected.
"The Government has decided to focus on tapping alternative energy
sources without continuing to depend on oil for all purposes. My
proposal to this effect has received Cabinet approval.
The issue will also be taken up by the Cabinet Sub-Committee
appointed to consider fuel price increase when it meets today," Minister
According to the proposal approved by the Cabinet, a programme will
be launched to produce crude oil from plastic, polythene, tyres and
The programme, once implemented, is expected to supply 20 per cent of
the local fuel demand.
The Minister said that although the Cabinet has recommended tenders
to be called to implement the project, there was only one recognised
company in the world with the technology required for the purpose.
"Therefore, we will shortly present another memorandum to the Cabinet
proposing that the project be entrusted to this company without any
Fowzie said that several other programmes to generate oil and
electricity from alternative energy sources will soon be commenced by
the Ceylon Petroleum Corporation and the Power and Energy Ministry.
He also emphasised that the Government was ready to provide relief to
the consumer by reducing oil prices whenever crude oil prices go down in
the international market.