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
- Three Excise officials arrested over 2 Million bribe August 31, 2025
- Indonesian Police officers honoured for arrest of Sri Lankan underworld figures August 31, 2025
- Five major underworld figures, including Kehelbaddara Padme, deported to Sri Lanka August 30, 2025
- Sri Lanka President pushes new tourism strategy for 2026 August 30, 2025
- Ceylon Electricity Board voluntary retirement scheme rules gazetted August 30, 2025
