We hope for the best – and prepare for the worst - The President

President Anura Kumara Dissanayake stated that Sri Lanka expects all parties involved in the war to commit themselves at the earliest opportunity to building a peaceful world.

The President pointed out that the current situation could have a severely adverse impact on the global economy and on people’s livelihoods. The President stated that, as a government, whilst hoping for the best, they are also preparing for the worst.

President Anura Kumara Dissanayake made these remarks today (02) while delivering a special statement in the Parliament. The President further emphasised that, while formulating long-term plans to address crises of this nature, the Government is also preparing the necessary short-term solutions to ensure that the public does not suffer undue hardship. President Dissanayake noted that the Government has been maintaining sound fuel management in line with existing storage capacity and that it has a clear plan regarding the energy sector and fuel supply. He also stated that steps have now commenced to increase the capacity of the oil refinery by 100 per cent since it had not undergone any refurbishment for 47 years since 1979.

The President further explained that the Government plans to invest over Rs. 30 billion in developing energy infrastructure, including the construction of a new 86,000 metric tonne storage complex in Kolonnawa; increasing the capacity of the new storage complex being built in Muthurajawela to 40,000 metric tonnes; refurbishing four oil tanks in Trincomalee under the first phase and laying a corresponding offshore pipeline system; replacing the 90-year-old pipeline from Kolonnawa to the Port with new 14-inch and 18-inch lines; and rehabilitating the 90-year-old naphtha pipeline from Kolonnawa to Kelanitissa.

The President also stated that prompt action would be taken to resolve the issues that have arisen in relation to gas supplies.

The President further clarified the Government’s plans to address the challenges arising from the current situation, including the difficulties faced by Sri Lankans overseas and the potential impact on tourism, exports, shipping and aviation sectors.