• සිරිමාවෝ බණ්ඩාරනායක

  • சிறிமாவோ பண்டாரநாயக்க

  • SIRIMAVO BANDARANAIKE

" The World's First Female Prime Minister "

05 June 1963 – Decision to take over oil companies

Mrs Bandaranaike decided in June 1963 to make the Ceylon Petroleum Corporation the sole importer and distributor of petroleum products in the country. This decision was taken owing to the lack of a satisfactory mechanism of conserving foreign exchange and ensuring an uninterrupted supply of oil. As such the CPC Act of 1963 was enacted on 22 August 1963 and CPC became the sole importer and distributor from 01 January 1964.