Sri Lanka

China, Australia, USA to enter Sri Lanka’s fuel market, 450 CPC filling station to be leased

Sri Lanka’s Cabinet has given the green light to award licenses to Sinopec, United Petroleum, Australia & RM Parks of USA in a collaboration with Shell Plc to enter the Fuel Retail market in Sri Lanka.

Energy Minister Kanchana Wijesekera said that the Energy Committee & relevant other procurement committees had given their approval & recommendation to award the 3 companies the licenses to operate.

He said that the 3 companies will be allocated 150 Dealer operated fuel stations each which are currently operated by the Ceylon Petroleum Corporation.

He added that these companies will be granted a license to operate for 20 years to import, store, distribute and sell petroleum products in Sri Lanka. 

A further 50 fuel stations at New locations will be established by each selected company, he added.

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