Petroleum Products (Special Provisions) Act 2002 · As enacted
5. Grant of licence to import, export, &c. petroleum
Official English translation. The Sinhala text prevails.
Official translationFrom Department of Government Printing, unchanged
The Minister may, taking into consideration the requirements of the petroleum sector and the interests of the national economy, on the recommendation of the Energy
Supply Committee, grant a licence to any person or body of persons, to import, export, sell, supply or distribute petroleum.
2—H 16809—5,650 (2002/08)
The grant of a licence in terms of subsection (1) shall be subject to such conditions as may be prescribed by the
Minister on the advice of the Energy Supply Committee for the purpose of ensuring that the import, export, sale, supply or distribution of petroleum would be properly regulated.
The total number of licences issued in terms of this section shall not in the first instance exceed three :
Provided however, that where it appears to the Energy
Supply Committee that it is in the interest of the national economy and the needs of the consumers to increase the number of licences granted under this section, it may recommend to the Minister that additional licences be granted to such number of persons as may be necessary taking into consideration the interest of that sector. The Minister may taking into consideration all the related circumstances, increase the number of licences to be granted.
The Ceylon Petroleum Corporation shall be deemed to be a licensee for the purposes of this Act and the provisions of this Act shall accordingly be read and construed as being applicable to such Corporation.