⚠️ Fuel Rationing Urged Amid Middle East Crisis

Analysts are calling for immediate fuel rationing to prevent a complete stockout within 20 days, as regional conflicts push global oil prices above US$ 90 per barrel. While experts warn of supply chain "cluelessness," the President maintains that current inventories are stable. • National Stock Position: Diesel: 33 days of supply. Petrol: 28 days currently; expected to reach 40 days following a 35,000 MT shipment on March 7/8. Aviation Fuel: 49 days. Crude Oil: 44 days (including shipments at sea). • Supply Pipeline: Confirmed shipments via Sinopec, RM Parks, and IOC are scheduled between March 14 and March 28. Daily national requirement stands at approximately 1,800 MT, with the local refinery contributing 1,080 MT. • Global Market Volatility: Brent Crude: Rose 9.5% to US$ 92.69. WTI Crude: Rose 12% to US$ 90.90. Experts warn prices could hit US$ 150 if the Strait of Hormuz faces protracted closure, impacting energy security and transportation costs. • Operational Constraints: Total storage capacity at Kolonnawa and Muthurajawela is capped at 150,000 MT. The lack of a separate strategic reserve means operational and emergency stocks are held together, requiring precise drawdown management.