Lanka IOC was previously not charged a fee.
Sri Lanka revises prices in line with a formula
Sri Lanka to sign agreement with Sinopec to build refinery in Hambantota
The 20 years will start from January 2024
It will be the single largest investment project ever
Will expand into EV charging and retail services
CEB wants at least 30 billion rupees in additional revenues
Sinopec was supposed to enter Sri Lanka in 2003 under
The purchase is made on long term contract basis.
CPC dealers were briefed on the implementation of a daily automated price revising system from 2024
CPC to purchase 92 octane unleaded petrol from Vitol for four months
Amid rise in gas prices
Litro says price rise was moderated by extra stocks ordered last month at a lower price
To buy 50-pct of the exiting contract after December
The minister told reporters on Friday that consumers can purchase fuel without scanning their QR code from now on.
Sinopec Energy Lanka (Pvt) Ltd has started selling diesel and petrol 3.00 rupees below price set by CPC.
Evaluation may take 4 to 6 weeks
A contract agreement was signed with Sinopec in May to distribute fuel locally through 150 filling stations
Petrol price is increased for the second straight month
From January to June 2023, 143 vessel had called at the port compared to only 50 vessels in the first half of last year
Premium on auto diesel was down to $5.78 from $12.19
The firm reported earnings of 4.59 rupees per share for the quarter.
Power & Energy Minister Kanchana Wijesekara had said earlier that the shipment would arrive end-July.
If one company reduces the price, and others follow, there will be a big benefit
I requested them to look at a two-way oil & gas pipeline