Sri Lanka awards six-month petrol supply deal to Aditya Birla Global Trading
Daily FT: The Sri Lankan government has announced that the Cabinet of Ministers had approved awarding a six-month contract to Aditya Birla Global Trading (Singapore) Ltd., for the supply of petrol to Sri Lanka for six months.
The contract covers the delivery of 1.5 million (+/-5%) barrels of 92 Octane Unleaded Petrol over a six-month period from 15 September 2025 to 14 March 2026.
“Supply will be made in five shipments of 300,000 (+/-5%) barrels each,” Minister Vijitha Herath said at the weekly post-Cabinet meeting media briefing recently.
The Ceylon Petroleum Corporation (CPC) had earlier called for quotations from its registered suppliers, receiving bids from eight international suppliers. Following an evaluation process, the Special Standing Procurement Committee appointed by the Cabinet recommended awarding the contract to Aditya Birla Global Trading.
The proposal to this effect was submitted by Energy Minister Eng. Kumara Jayakody.
OSL take:
Sri Lanka’s increasing economic activities as the country has become an emerging business destination has opened a host of business/investment opportunities. These opportunities range from projects to the supply of goods and services. The awarding of tenders for goods and services to foreign businesses presents new business ventures for foreign businesses/investors. With Sri Lanka on a growth path supported by its geographical positioning in the Indian Ocean and strong trade ties with many foreign countries, the many business/investment opportunities present lucrative ventures for foreign businesses/investors. The key economic sectors in the country also present indirect business opportunities like in the development of infrastructure and supplementary infrastructure facilities required by all key economic sectors to meet the increasing demand in the country as well as to be on par with the fast-evolving global standards. Sri Lanka therefore presents many business/investment opportunities for foreign businesses/investors on the lookout for lucrative ventures as well as opportunities to expand operations through local collaborations.
| Article Code : | VBS/AT/20250903/Z_7 |