United Petroleum secures contract to supply petroleum products in Sri Lanka

26 February 2024 12:11 pm - 10 - {{hitsCtrl.values.hits}}

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Feb 26 - United Petroleum Australia Pty Ltd has entered a contract with Ministry of Power and Energy to supply Petroleum products in Sri Lankan Market, a statement from the company said.

This event came into live after selecting the company based on RFP issued by Sri Lankan government to further liberalizing the country’s retail petroleum sector early last year.

United Petroleum Australia Pty Ltd is a leading Petroleum Trading company in Australia owning over 500 fuel stations all over Australian sub-continent. United group also has many other businesses in Australia and Singapore and this is the first time, company expanded their retail petroleum business outside Australia.

United is a billion-dollar company with focus on quality, safety, and environment. Owners of the company believe that they should be able to benchmark good practices to Sri Lankan retail petroleum market and enhance the quality of products and service to its customers.

United is planning to upgrade and uplift the standards of retail petroleum sector in Sri Lanka with quality of Products and services. Company is assigned 150 existing fuel stations around the country and has the right of building 50 new fuel stations under the ownership of United.

United Petroleum Australia has incorporated a company in Sri Lanka namely United Petroleum Lanka Pvt Ltd., to carry out the operations and former Board Member of CEYPETCO and renowned professional in petroleum industry, Dr. Prabath Samarasinghe has assigned the responsibility at the capacity of Director and CEO of the company.

Dr. Sulakshana Jayawardena, the secretary of the Ministry of Power and Energy representing the Government of Sri Lank and Mr. Eddie Hirsch the owner of United Petroleum Australia signed the contract at the event organized by Ministry of Power and Energy.

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Comments - 10

Duminda Monday, 26 February 2024 12:23 PM

We want to know Kanchana's commission

Dandhu Layna Monday, 26 February 2024 12:35 PM

We have the Lion, the Tiger, the Panda and the Kangaroo enthusiastically waiting to serve us Sri Lankans.

A Monday, 26 February 2024 12:52 PM

Price have to come down if such competitions comes in the market. But here is other way round

jocylin Monday, 26 February 2024 12:56 PM

welcome welcome, the more players the better it is instead of dominating by 2 players messing around, at least there wont be fraud and watered down petroleum circulating like our well know crooks do and those who hide petrol can drown in their own stocks now

Karalasingam Sivalingam Monday, 26 February 2024 01:17 PM

This is a viable contract, where there should be private sector participation ease the distribution of petroleum products to SriLanka.

BuffaloaCitizen Monday, 26 February 2024 02:38 PM

Just watch, none of the southern yakkos will say anything on this. If it was an Indian party, these same yakkos will ignorantly claim their security is at stake. This is why we are still pimping for the white man.

Daya Monday, 26 February 2024 02:41 PM

Sri Lankans will not get competitive prices, just like now, if CEYPETCO increases, then, IOC and Synopac also increases and vice versa.

DOT Monday, 26 February 2024 05:34 PM

Market will fix it! But NOT in my country!

Ravana Tuesday, 27 February 2024 12:33 AM

Australia charges 20% petroleum export

Sambo Tuesday, 27 February 2024 07:36 AM

If each company is importing their own petrol from their respective country then how come the price is same in every shed. Where is the competition that was said.

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United Petroleum secures contract to supply petroleum products in Sri Lanka

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