President of Sri Lanka introduces fuel subsidy for fishing community
Posted by Editor on September 26, 2024 - 7:14 pm
File Photo
The President of Sri Lanka has taken steps to provide a fuel subsidy to the fishing community.
Accordingly, President Anura Kumara Dissanayake has instructed the Treasury to provide this fuel subsidy to the fishing community starting from October 1, 2024.
This will allow for a monthly fuel subsidy to be provided for both multi-day and single-day fishing vessels.
The statement issued by the President’s Media Division (PMD) mentions that the subsidy will be directly transferred to the bank accounts of the fishermen.
The statement further notes that this initiative is expected to revive the struggling fishing industry and reduce production costs.
Latest Headlines in Sri Lanka
- Audit reveals misuse of electric vehicle permits for migrant workers in Sri Lanka November 23, 2024
- IMF approves third review: Sri Lanka secures $333 million tranche under EFF November 23, 2024
- Sri Lankan President urges accountability and unity for a better future November 23, 2024
- IMF third review talks with Sri Lanka successfully conclude November 22, 2024
- Professor Gomika Udugamasooriya appointed Senior Advisor to President on Science and Technology November 22, 2024
