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    HomeBreakingDistribution of Chinese Fuel begins – Profit of Rs. 3 per litre

    Distribution of Chinese Fuel begins – Profit of Rs. 3 per litre

    Sinopec, a leading international petroleum company based in China, has started its business operations in Sri Lanka from today.

    Accordingly, the fuel supply has started from a Ceypetco fuel station located in Matthegoda, Colombo.

    Sinopec Fuel Oil Lanka, the local subsidiary of the Chinese petroleum giant, began operations on Wednesday (August 30) with a market promotion.

    Accordingly, petrol and diesel are pumped at Rs. 3.00 profit to the customers.

    Last year, the Sri Lankan government decided to open up Sri Lanka’s fuel import and retail sales market to companies from oil-producing countries to resolve the foreign exchange crisis.

    The Petroleum Products (Special Provisions) Bill has also received the approval of the Ministerial Advisory Committee on Power and Energy.

    It will enable new suppliers to enter the domestic fuel market as importers, distributors and retail operators for petroleum products.

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    1 COMMENT

    1. I hope Sri Lankans eill exercise some self respect and national honour and boycott these sheds. China has used our corrupt Politicians and our weak Political landsxape to rob us off economic independance. We will soon belong to China if we as a nstion do not standup againt Chinas covert take over

    What do you think?

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