Sinopec Lanka has officially commenced business operation and started fuel supply at its first franchising filling station in Mattegoda West Province of Sri Lanka.
This has taken a significant step towards enhancing Sri Lanka’s energy landscape. Sinopec initiated the first round of market promotion measures with a pump discount of 3 LKR per liter for petrol and diesel. Its supply plan is in motion to progressively hand over all 150 filling stations to Sinopec’s management before October. Prior to commencement, dealers extend great support during the process of signing the dealership agreements.
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.
Sinopec’s entry into the Sri Lankan market holds significance beyond its energy offerings, aiming to contribute positively to the country’s economic stability and growth. This endeavor also aligns with the broader objectives of the Sri Lanka Energy Reform, contributing to the country’s energy security, accessibility, and sustainability.
“We are honored to mark the official launch of Sinopec’s business operations in Sri Lanka through the handover of our very first franchise filling station,” commented by the Executive Director of Sinopec Lanka.