CPC is going ahead with the IMF on the price formula: Minister
Government is now in the process of reviewing the RFPs - D V Chanaka
United Petroleum Australia requested permission to remit dollars outside Sri Lanka
New e-procurement system expected to automate tender awarding process totally
Lanka IOC was previously not charged a fee.
Sri Lanka revises prices in line with a formula
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
Sinopec will use Ceypetco brand first as they need 10-15 days to change their own logo, do branding - minister
Sri Lanka has awarded retail fuel licenses to China’s Sinopec, United Petroleum Australia and US-based RM Parks
The tax was 25 rupees per liter in June and has now been increased to 50 rupees from this month - minister
Super Diesel was increased by 6 rupees to 346 rupees per litre
600+ MW of LNG power plants available will be pursued
Ground clearing begun around 3 tanks
The price revision will be done inline with the newly introduced pricing formula based on global prices
CPC and CPSTL have not been operating on Sundays and public holidays in the last 4 months
Lanka Industrial Kerosene will be cut by 60 rupees a litre to 270 rupees.