In a move aimed at supporting the country’s fishing community, the Cabinet of Ministers has approved a fuel subsidy scheme for fishing vessels, offering much-needed financial relief to those navigating rising operational costs.
According to the Fisheries Ministry, the newly sanctioned program will provide Rs. 50 per litre of fuel for small fishing boats, easing the burden on daily fishing operations. Meanwhile, multi-day fishing vessels will receive an allowance of Rs. 150,000 per trip, a measure expected to significantly support long-distance expeditions.
The Ministry confirmed that the subsidy will come into effect from April 20, 2026, marking a targeted intervention to assist both small-scale and large-scale fishers.
The initiative reflects a focused effort to sustain the fishing industry by reducing fuel expenses, a key cost factor that directly impacts livelihoods and productivity at sea.
Leave your comments
Login to post a comment
Post comment as a guest