First Sinopec fuel cargo discharging, 2nd cargo arrives tomorrow

1 August 2023 02:48 pm Views - {{hitsCtrl.values.hits}} 5 Bookmark

CHATURANGA PRADEEP SAMARAWICKRAMA Follow

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The Power and Energy Ministry said today that the first fuel cargo from Sinopec has commenced discharging and the second cargo will arrive tomorrow.

Minister Kanchana Wijesekera said the entry of new retail suppliers to the domestic market will ease the forex requirements for petroleum products as they will bring in products on a 12-month financing facility from their principal investors with no forex requirements from the domestic financial institutions.

He said Sinopec will commence retail petroleum operations with 150 fuel stations islandwide once the agreements with the fuel station dealers are signed and finalized. (Chaturanga Pradeep Samarawickrama)

Comments - 5

B Tuesday, 01 August 2023 03:06 PM

They will make money. People will pay high prices. Minister will get commission that's the end.

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Ramga Tuesday, 01 August 2023 04:30 PM

Don't show your stupidity in public This is how the world run specially in more advanced nations

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Dee Tuesday, 01 August 2023 04:52 PM

They will make more money than cpc! People will get a better fuel at a lower cost! . Minister will get the blessings of the consumers.

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Sokrates Tuesday, 01 August 2023 04:51 PM

How much interest are our Chinese friends charging? 10%?

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Gamaya Thursday, 03 August 2023 03:55 PM

So fuel is imported but no distributors?

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