The Ceylon Petroleum Corporation says operations of the Sapugaskanda Oil Refinery will be suspended once again from the 3rd of January 2022.
Chairman of the CPC Sumith Wijesinghe said operations will be suspended for a period of two weeks.
Wijesinghe attributed the decision to crude oil stocks running out. He assured that there will be no fuel shortage in the country.
Operations of the refinery were suspended in November, for a period of 22 days, and resumed on the 7th of December.
The Government Information Department said the CPC management will resume operations of the refinery before the 30th of January after procuring the required crude oil.
The Ministry of Energy said the purchase of alternative crude oil as an emergency purchase has also failed due to the shortage of foreign exchange adding it has become difficult to purchase crude oil on credit as Sri Lanka has fallen in the credit rating.
According to the Ministry, the supply of crude oil from the Singaporean company which has awarded the long-term contract for the supply of crude oil to Sri Lanka will commence from the 25th of January.
The Sapugaskanda Refinery meets 14 percent of petrol and 29 percent of diesel requirements.
Therefore, the Ministry of Energy assured that the temporary closure of the Refinery will not create a fuel shortage in the country.