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Colombo, Feb 28 (Daily Mirror) - The Fuel Distributors' Association announced that they will cease fuel ordering activities from midnight today (28 February).
They said that while distribution of existing reserves will continue, no new orders will be placed.
The decision follows the Ceylon Petroleum Corporation’s (CPC) move to abolish the 3% discount currently offered to distributors and implement a new payment formula, effective tomorrow.
CPC Chairman D.J. Rajakaruna noted that this change aligns with a circular issued in March 2022, making the current payment system illegal.
In response, the Distributors' Association confirmed at a media briefing this afternoon that they will suspend their petroleum orders.