Sri Lanka’s President Anura Dissanayake has announced a fuel subsidy for the fishing community, effective October 1. This initiative aims to reduce production costs and invigorate the struggling fishing industry. Monthly subsidies will be accessible for both multi-day and one-day vessels, with funds deposited directly into fishermen’s accounts.
The government’s commitment to sustainable fishing practices promises to enhance fish production while ensuring fair prices for consumers. Additionally, plans are in place for financial and technical support to help marine fisheries recover from ongoing challenges. This move reflects a proactive approach to strengthen a vital sector in Sri Lanka’s economy.
