Cabinet Approval to open up Fuel Import and Retail sales market

Tuesday, 28 June 2022 - 11:56

Cabinet+Approval+to+open+up+Fuel+Import+and+Retail+sales+market
Cabinet Approval has been granted to open up the Fuel Import and Retail sales market to Companies from Oil producing Nations. They will be selected on the ability to Import Fuel and operate without Forex requirements from the CBSL and Banks for the first few months of operations. 

However, CPC will be the service provider for logistics, stocking and distribution with a service fee charged from the Companies.

Selected outlets of the existing 1190 CEYPETCO and New outlets will be made available for LIOC and New Companies selected.

The refinery will operate with CPC.

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