First shipment of Sinopec fuel to arrive in Sri Lanka in first week of August: official

The first shipment of fuel from China’s Sinopec will arrive in Sri Lanka in the first week of August with a maximum retail price for fuel also on the cards, State Minister of Power and Energy D V Chanaka said.

Sinopec, China’s state-owned petroleum corporation, is among three foreign players who have signed contracts to enter the Sri Lankan market.

A contract agreement was signed with Sinopec in May to distribute fuel locally through 150 filling stations first to ensure a steady and uninterrupted fuel supply in Sri Lanka.

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