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