Petroleum Products (Special Provisions) (Amendment) Act 2022

This Act may be cited as the Petroleum Products

The provisions of this Act other than this section shall come into operation on such date (hereinafter referred to as the “appointed date”) as the Minister may appoint by Order published in the Gazette.

The long title of the Petroleum Products (Special

Provisions) Act, No. 33 of 2002 (hereinafter referred to as the “principal enactment”) is hereby amended by the substitution for the words “IN THE ENERGY SUPPLY

COMMITTEE;”, of the words “IN THE COMMITTEE

APPOINTED BY THE CABINET OF MINISTERS;”.

In the principal enactment and other written law, every reference to the “Energy Supply Committee”, in relation to the principal enactment, shall be read and construed as a reference to the “Committee appointed under section 3”.

In any notice, communication, form, or other document issued, made, required or authorized by or under the principal enactment, every reference to the “Energy Supply

Section 3 of the principal enactment is hereby repealed and the following section is substituted therefor: -

3.

of a

There shall be a Committee appointed by the Cabinet of Ministers (hereinafter referred to as the “Committee”), subject to the succeeding provisions of this section to exercise, perform and discharge the powers, duties and functions hereinafter set out.

The Committee shall consist of the following:–

ex-officio members–

the Secretary to the Ministry of the Minister assigned the subject of Petroleum, who shall be the Chairman of the

the Secretary to the Treasury or his nominee not below the rank of Director-General of the Treasury;

the Secretary to the Ministry of the Minister assigned the subject of Economic Policy

the Secretary to the Ministry of the Minister assigned the subject of Investment

the Chairman or Managing-Director of the

two members appointed from among persons who have achieved eminence in the field of petroleum industry or law.

A member of the Committee appointed under paragraph (c) of subsection (2), shall hold office for the period of two years from the date of appointment unless such member resigns the office by letter addressed to the Cabinet of

The quorum for any meeting of the

The following new section is hereby inserted immediately after section 3 of the principal enactment, and shall have effect as section 3A of that enactment:-

3A. The Committee shall be deemed to be a scheduled institution within the meaning of the Bribery Act (Chapter 26) and the provisions of that Act shall be construed accordingly.”.

Section 6 of the principal enactment is hereby amended in subsection (1) of that section, by the substitution for the words “the Minister in charge of the subject of Power and

Energy” of the words “the Minister”.

Section 9 of the principal enactment is hereby amended as follows:–

“Committee deemed to be a scheduled institution within the meaning of the Bribery

Act

by the insertion immediately after the definition of the expression “Ceylon Petroleum Corporation” of the following new definition:–

by the repeal of the definition of the expression

Every licence validly issued under the provisions of the principal enactment and stated therein to continue in force for a period extending beyond the date of the coming into operation of this Act, shall continue in force for the period so stated and every such licensee shall be subject to the provisions of this Act and any other terms and conditions which may be lawfully imposed under this Act and any other regulation or rule made thereunder.

In the event of any inconsistency between the Sinhala and Tamil texts of this Act, the Sinhala text shall prevail.