Cabinet approval granted to award licenses to 03 fuel retail operators, 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.
Following the Cabinet meeting the Minister has tweeted that Energy Committee & relevant other procurement committees had given their approval & recommendation to award the 3 companies the licenses to operate.
“These companies will be allocated 150 Dealer operated fuel stations each which are currently operated by CPC. They 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 said further.