Srilanka, May 8 -- Sri Lanka's lubricant industry remains without a dedicated regulatory framework over a year, since the formal plans were first announced.

While the previous administration failed to act on the commitment made in 2023, the current regime is yet to provide clarity on the matter, which is raising concerns across the sector.

The inaction continues despite the repeated calls for oversight and structure and as pressure mounts from the stakeholders, who have escalated the issue to the relevant authorities.

"Proper legislation and effective implementation will greatly help in stemming the current leakage in government revenue, due to the operation of unauthorised players," noted Chevron Lubricants Lanka Managing Director/C...