Saturday Nov 15, 2025
Saturday Nov 15, 2025
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| Cabinet Spokesman and Minister Dr. Nalinda Jayatissa |
In a move to strengthen the country’s fuel security, the Cabinet of Ministers this week approved constructing new storage tanks and replace aging ones at the Kolonnawa and Muthurajawela terminals, enabling the Ceylon Petroleum Storage Terminal Company (CPSTL) to maintain a minimum petroleum stock sufficient for 45 days.
It was approved to finance the project using CPSTL’s own funds, recognising the critical importance of ensuring a continuous and stable supply of petroleum products across the country.
The CPSTL has initiated several major infrastructure projects to enhance the country’s fuel storage capacity and ensure uninterrupted supply.
“Under this initiative, six new tanks with a combined capacity of 64,000 cubic meters are currently under construction at the Kolonnawa terminal, while the procurement process has begun for the construction of three additional tanks with a total capacity of 40,000 cubic meters at the Muthurajawela terminal,” Cabinet Spokesman and Minister Dr. Nalinda Jayatissa said at the weekly post-Cabinet meeting media briefing on Tuesday.
In addition, the company plans to replace two existing tanks—Nos. 30 and 31 at Kolonnawa, with new tanks of 7,000 cubic meters and 15,000 cubic meters capacity respectively. “These replacements are aimed at modernising facilities and maintaining operational safety and reliability,” he added.
The proposal to this effect was submitted by Power Minister Eng. Kumara Jayakody.
