It is reported that the Minister of Power and Energy Kanchana Wijesekera announced today (24) in Parliament that diesel and kerosene will be exempted from 18% VAT.
Also, the minister said that the final decision to increase the VAT will be taken on December 10, and attention has been paid to exempting kerosene and diesel from VAT.
The minister further mentioned that the construction of Sri Lanka’s second oil refinery in Hambantota area will be started next month and six major electricity projects are expected to be completed next month.