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Proposed increase of VAT will not be effective for Diesel and Kerosene: Minister

24 November 2023 03:43 pm - 8     - {{hitsCtrl.values.hits}}

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BY YOHAN PERERA AND AJITH SIRIWARDANA

Parliament Nov. 24 (Daily Mirror)-The proposed 18 percent Value Added Tax (VAT) increase will not be effective for diesel and kerosene, Power and Energy Kanchana Wijesekera assured today.

“The final decision on the proposed VAT increase will be made on December 10 this year. However focus is made to exempt kerosene and diesel from the VAT,” the Minister said.   

The construction of Sri Lanka’s second oil refinery in Hambantota is to begin next month, Minister of Power and Energy Kanchana Wijesekera told Parliament today.

Minister Wijesekera said the Cabinet sub-committee has already approved the project and the Cabinet is expected to approve it next week.

“Sri Lanka will go for petro-chemicals and petroleum products export once the second refinery comes into operation,” he said.

Also, the Minister said the government will finalize six major power projects next month. This includes the construction of a 500 MW wind power plant in Mannar by the Adani group, a 700 mw solar power station in Poonaryn and a 150 MW plant in Hambantota.

Further, the Minister said solar panels will be provided to all 27,000 places of religious worship in Sri Lanka,  universities, schools, Divisional and District Secretariat offices within a year.


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  Comments - 8

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  • sam Friday, 24 November 2023 04:07 PM

    But will affect petrol

    Naikigdgggggg Friday, 24 November 2023 04:20 PM

    Mr. Minister, is thier two constitutions, how can country have 15 and 18, these are all bogus, please don't think that Srilanka are filled with fools like you

    mp Saturday, 25 November 2023 07:15 AM

    Superb! What you have to say, you must do it straightforwardly.

    Naonghdhhg Friday, 24 November 2023 04:25 PM

    Your a rough like your father, please resigned, people don't want you understand, we have fallen like what SF mentioned 3 days ago, when a house don't have a main door, obviously the door will be replaced, your a clear rough, you better resigne

    Dilum Friday, 24 November 2023 04:59 PM

    This comment cannot be understood. What is being said?

    Sirisena Friday, 24 November 2023 04:51 PM

    One time yu are saying formula one time yu are saying another story, whaat is this man. Yu are credibility is loosing no. Thank you anyway for qr code petrol othervice bloody three wheelers will loot all the petrol noh.

    Eper Friday, 24 November 2023 07:15 PM

    We need to make this country competitive for investment with cost of production equivalent to our neighbors.Otherwise even the existing companies will move out.So wake up

    Mohamed Burhan Saturday, 25 November 2023 03:31 PM

    Should effect diesel petrol and kerosene bcos with on and off price increases per litre we aew clueless what is added to this increase and simoky go to the petrol shed and get our vehicle pumped to meet our daily obligations.


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