President of Sri Lanka introduces fuel subsidy for fishing community
Posted by ONLANKA Newsroom 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
- Sri Lanka President pledges highest tribute to war heroes May 19, 2026
- Sri Lanka President visits Ranaviru Sevana to meet injured war veterans May 19, 2026
- Sri Lanka launches unified digital platform for overseas missions May 19, 2026
- Sri Lankan Rupee weakens against US Dollar May 19, 2026
- Sri Lanka to pay Rs. 100,000 per hectare for flood-damaged crops May 19, 2026