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SL to award contract to IOC for four procurements of diesel, petrol

03 May 2022

The Government of Sri Lanka has decided to award a contract to the Indian Oil Corporation Limited (IOC) for the purchase of refined petroleum products through the short-term loan facility of $ 200 million from the Export-Import Bank of India. Accordingly, the relevant proposal tabled by Minister of Power Kanchana Wijesekeara received the approval of the Cabinet of Ministers. In a statement, the Government Information Department stated that Sri Lanka had called for bids for four procurements of diesel and petrol under the short-term loan facility of $ 200 million provided by the Government of India. The decision to award the relevant contract to the Indian Oil Corporation Ltd. had been taken upon the recommendation of the Cabinet-appointed Special Standing Procurement Committee.   


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