SINOPEC officially launches operations in Sri Lanka; Rs.3/- discount for fuel as market promotion campaign

COLOMBO (News 1st)l SINOPEC Lanka officially commenced operations with its first franchised filling station in Mattegoda. 

Petrol & Diesel was pumped at a discount of Rs. 3/- per liter as a market promotion campaign initiated by SINOPEC.

A statement said that a supply plan is in motion to progressively hand over all 150 filling stations to Sinopec's management before October.

Under the signing of the Long-Term Contract of Importation, Storage, Distribution, and Sale of Petroleum Products in Sri Lanka with the Ministry of Power and Energy on May, Sinopec has been granted a 20-year license to operate 150 fuel stations and will also be able to invest in
50 new fuel stations in July.