The Cabinet has approved long-term contracts for the supply of petrol, Murban crude oil and diesel to the Ceylon Petroleum Corporation (CPC), following an evaluation of bids submitted under a limited international competitive procurement process.

The procurement was conducted among suppliers registered with the CPC. The approved contracts cover three petroleum products to be supplied between September 2026 and February 2027.

Aditya Birla Global Trading (Singapore) Pte. Ltd. was selected to supply 1.2 million barrels, with a margin of 5%, of 92 Unl petrol from Sept. 1, 2026, to Feb. 28, 2027. Four bids were received for the contract.

The same company was also selected to supply 2.8 million barrels, with a margin of 5%, of Murban crude oil from Nov. 1, 2026, to Feb. 28, 2027. Four bids were received for this procurement.

Vitol Asia Pte. Ltd., Singapore, was selected to supply 1.12 million barrels, with a margin of 5%, of diesel with 0.05% M.S. from Sept. 1, 2026, to Feb. 28, 2027. Six bids were received.

The Cabinet approved the proposal submitted by the Minister of Energy based on recommendations of the High-Level Standing Procurement Committee, which identified the selected companies as the lowest substantially responsive bidders. (Newswire)

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The Ceylon Petroleum Corporation (CPC) will continue an uninterrupted supply of fuel islandwide, Minister of Power and Energy Kanchana Wijesekera assured. 

Taking to ‘X’, Minister Wijesekera said uninterrupted fuel supply will be provided as the CPC maintains a buffer stock of all products.

“The refinery which is undergoing its annual maintenance and service will resume its operations mid-August,” he further said. 

The minister provided the update after having reviewed the fuel cargo plan for the next 6 months, stock availability, storage capacity, distribution plan, placement of orders and refinery operations with the CPC management yesterday. 

Minister Kanchana Wijesekera also revealed that the stocks and cargo plans of the Lanka Indian Oil Company (LIOC), China Petroleum & Chemical Corporation (Sinopec), and US-based RM Parks Inc. were also reviewed. (Newswire)

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