Minister Announces Daily Automated Fuel Pricing System for Future

Minister of Power and Energy reveals plans for a daily automated fuel pricing system, aiming to streamline operations and enhance transparency in the industry. Learn more about the upcoming changes and its potential impact.

In a recent announcement, Minister of Power and Energy, Kanchana Wijesekera, disclosed plans to introduce a daily automated price revising system in the near future. The Ceylon Petroleum Corporation (CPC) is set to automate fuel dispensing and stock taking facilities with state-of-the-art equipment, as outlined during a meeting with the CPC Dealers Association and other officials at the Ministry of Power & Energy.

The minister emphasized that the discussions encompassed various crucial aspects, including dealer margins, fuel distribution, upcoming developments, and the establishment of new fuel stations. These measures aim to enhance efficiency and ensure a smooth fuel supply chain across the country.

With the imminent implementation of the daily automated pricing system, the fuel industry is expected to witness improved transparency and accuracy in pricing. This move is anticipated to streamline operations, benefiting both fuel dealers and consumers alike.

By harnessing advanced technology, the CPC aims to revolutionize the fuel sector, creating a more efficient and customer-centric experience. The automation of fuel dispensing and stock taking will minimize human errors, optimize inventory management, and provide real-time data for better decision-making.

Moreover, the discussions surrounding dealer margins and fuel distribution reflect the government's commitment to maintaining a fair and sustainable business environment for fuel dealers. By addressing these issues, the authorities strive to foster a healthy competition among dealers and ensure a reliable supply of fuel to meet the growing demands of the nation.

The introduction of a daily automated fuel pricing system marks a significant step toward modernizing the fuel industry in the country. With enhanced transparency, streamlined operations, and a focus on dealer welfare, these developments promise a more efficient and customer-friendly fuel sector for the future.