40 to 45 percent of grease in the market adulterated
30 percent of lubricants unauthorised
The Ministry of Power and Energy had proposed to remove the lubricant levy from the Public Utilities Commission of Sri Lanka (PUCSL), regulator of the lubricant market, without providing a proper justification, Chairman of the PUCSL Janaka Ratnayake, said.
The PUCSL has been regulating the lubricant market for 17 years.
“As the PUCSL is funded through a levy to regulate the lubricant market, and when the levy is removed, it could lead to the regulator being unable to fulfil its functions effectively. Without an independent fund, the regulator may not be able to carry out its mandate to ensure a sustainable lubricant industry.
