header logo
Vallibel FD
Mogo Academy
Selan Bank
Latest
Govt. approves long-term procurement of petrol, crude oil and diesel
Aug 11, 202602:12 PM
Govt. approves long-term procurement of petrol, crude oil and diesel
Mobitel inner 1278

The Cabinet of Ministers has approved the long-term procurement of Petrol 92 Unl, Murban crude oil and Diesel (0.05% M.S.) by the Ceylon Petroleum Corporation (CPC).

 

The contracts were awarded following a Limited International Competitive Bidding process among CPC-registered suppliers. The awards were made to the lowest substantially responsive bidders based on recommendations from the High-Level Standing Procurement Committees.

 

Under the approved arrangements:

 

Aditya Birla Global Trading (Singapore) Pte. Ltd. has been selected to supply 1.2 million barrels (±5%) of Petrol 92 Unl from September 1, 2026, to February 28, 2027. Four bids were received for the contract.

 

The same company has also been selected to supply 2.8 million barrels (±5%) of Murban crude oil from November 1, 2026, to February 28, 2027. Four bids were received.

 

Meanwhile, Vitol Asia Pte. Ltd., Singapore, has been selected to supply 1.12 million barrels (±5%) of Diesel with 0.05% sulphur from September 1, 2026, to February 28, 2027. Six bids were received for the diesel contract.

 

The Cabinet approved the procurements based on proposals submitted by the Minister of Energy, with the contracts intended to ensure uninterrupted supplies of fuel and crude oil to meet the country’s energy requirements.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them (mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Comments

0
Comments are disabled

Note: Due to legal constraints, the Ada Derana Editorial team has taken a decision to disable comments on all articles concerning ongoing court procedures.

MostRead
Mobitel 1278
VideoStories
 CPC bears a loss of Rs. 66 on every litre of diesel - CPC Chairman explains fuel subsidy

CPC bears a loss of Rs. 66 on every litre of diesel - CPC Chairman explains fuel subsidy

Govt. to provide Rs. 40 bln fuel subsidy amid surge in global fuel prices

Govt. to provide Rs. 40 bln fuel subsidy amid surge in global fuel prices

 Case against ex-President Ranil adjourned until November for Attorney General’s advice

Case against ex-President Ranil adjourned until November for Attorney General’s advice

Appeals Court dismisses MP Dilith Jayaweera’s writ application over contempt referral

Appeals Court dismisses MP Dilith Jayaweera’s writ application over contempt referral

Sri Lanka at UN backs Palestinian rights; FM Herath urges stronger multilateral action & UN reforms

Sri Lanka at UN backs Palestinian rights; FM Herath urges stronger multilateral action & UN reforms

Namal remanded again in two cases;  CIABOC tells court illicit funds were used for Krrish project

Namal remanded again in two cases; CIABOC tells court illicit funds were used for Krrish project

Metro takes another step forward:  112 more buses added to service as President joins launch

Metro takes another step forward: 112 more buses added to service as President joins launch

New education reforms set for Grades 2 and 6 next year; Cabinet gives nod for 2027 implementation

New education reforms set for Grades 2 and 6 next year; Cabinet gives nod for 2027 implementation

39th shooting in 2026 rocks Baddegama; ‘Kalu Nona’ killed in suspected gang rivalry in the South

39th shooting in 2026 rocks Baddegama; ‘Kalu Nona’ killed in suspected gang rivalry in the South

“Have built a nation where law applies regardless of status” No one is above the law, President says

“Have built a nation where law applies regardless of status” No one is above the law, President says

Global Power shifting towards Asia from West; Nations battling for supremacy in Indian Ocean –Patali

Global Power shifting towards Asia from West; Nations battling for supremacy in Indian Ocean –Patali

Navy seizes Rs. 1.5 billion narcotics haul in Jaffna; One suspect arrested, dinghy seized

Navy seizes Rs. 1.5 billion narcotics haul in Jaffna; One suspect arrested, dinghy seized

Floodwaters persist as many rivers reach minor flood levels, several areas still inundated

Floodwaters persist as many rivers reach minor flood levels, several areas still inundated

Ex-Deputy Minister Sarana Gunawardena’s wife remanded over bribery charges

Ex-Deputy Minister Sarana Gunawardena’s wife remanded over bribery charges

Sri Lanka’s Parliament approves 22nd Amendment to Constitution with a special majority

Sri Lanka’s Parliament approves 22nd Amendment to Constitution with a special majority

Lassana Flora