MONETABRIEF – Sri Lanka will reduce a current tax on marine bunkers to make the island internationally competitive, President Anura Kumara Dissanayake said.
There was currently a 2.5 percent tax on bunker fuel.
"We hope to give a concession in the upcoming budget," President Dissanayake said.
"To be competitive we have to fall in line with international tax practices. With tax policies we make a unequal playing field in terms of competitiveness.
"We hope to make a change in that."
Sri Lanka state-run Ceylon Petroleum Corporation and private parties have reached agreement to boost storage, he said
Sri Lanka's ports including Colombo and Hambantota are providing fuel to ships that are calling. Hambantota has substantial storage. (Colombo/Oct14/2026)