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Last Updated : 2024-04-23 22:35:00
8 June 2023 03:44 pm - 12 - {{hitsCtrl.values.hits}}
The government has signed an agreement with United States based RM Parks Inc. in collaboration with Shell PLC for a long-term contract to enter the Sri Lanka petroleum business today.
The contract agreement was signed at the Presidential Secretariat for the importation, storage, distribution and sale of petroleum products in Sri Lanka.
The agreement was signed following the recommendations of the Cabinet appointed Special Committee.
Power and Energy Minister Kanchana Wijesekera said RM Parks will be the 4th supplier to enter the domestic market and they will operate under the Shell branding.
They signed a 20-year agreement to import, distribute & sell petroleum products through 150 fuel stations allocated from Ceylon Petroleum Corporation (CPC).
The Minister said approval was also granted for 50 new fuel stations to be established islandwide.
They will upgrade the fuel stations with new automated dispensers, electric charge stations, mini markets and cafes, he said. (Darshana Sanjeewa Balasuriya)
A Thursday, 08 June 2023 06:00 PM
Lower the price . No point giving them profit we pay high prices.
Walter Perera Thursday, 08 June 2023 08:57 PM
Its big milestone that the grip of the brutal IOC is over. We welcome the move by the government to open market such a decisive trade. The Rajapakse s were unfortunately sitting on their brains all this while. This should have been done years back. Anyways commendable move.
Samuel Thursday, 08 June 2023 09:29 PM
Thank you Ranil, Kanchana.
How much commission is going to MPs or officials from this Thursday, 08 June 2023 09:42 PM
There are no deals in Sri Lanka without commissions (or bribes) going to officials or MPs. This cannot be any different to how government deals are usually done.
Sivaponniah Thursday, 08 June 2023 09:51 PM
Price of petroleum products should be at international market prices. Do not lower the price of petrol as of now. This will flood the roads with vehicles. Sri Lankan roads do not have the capacity to carry more vehicles and control air pollution.
Pantha kumaran Friday, 09 June 2023 12:17 AM
I can only laugh. The government is prepared to sell our country to outsiders. but the same government is not willing to give into the demands from the minority. God bless our country and the majority.
Demuni Uduwara Friday, 09 June 2023 04:21 AM
Thanks to Ranil
DOT Friday, 09 June 2023 05:06 AM
Will that competition help consumers ?
Shevon Fernando Friday, 09 June 2023 09:12 AM
Very good move. Better CPC is sold completely to reputed private companies aboard and the services will be better.
Dr. Kamal Samarakoon Friday, 09 June 2023 09:14 AM
What is the % commission Minister Kanchana will get from this deal?
Wilson Somadasa (Kalu Mama) - General Merchant Matara Friday, 09 June 2023 09:49 AM
Privatizing or starting new ventures are good anyway, but in every deal Potuwa rotten guys including Minister Kanchana are trying to loot the maximum amount of bribe, that is too bad.
Kps Friday, 09 June 2023 05:02 PM
Gota won’t be jobless
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