Skip to content
Serendib Vantage
Local news

Politics

Oman’s OQ Trading wins Sri Lanka LPG deal at Aramco price plus $133.93

Headline from EconomyNext

From 3 outlets’ reports · latest

3 outlets · EN 2 · SI 1: 3 private. Languages: EN 2, SI 1

WhatsApp

AI summary

  • The contract covers 420,000 metric tonnes, with a 20% variation and a 336,000-tonne minimum.
  • Supply is due to begin on 1 January 2027 for 12 months.
  • OQ Trading was selected after four bids were received.
  • The price is the Saudi Aramco Contract Price plus US$133.93 per tonne, CIF.

Sri Lanka’s cabinet has approved awarding Oman’s OQ Trading Limited a contract to supply liquefied petroleum gas to Litro Gas for 12 months from 1 January 2027, according to EconomyNext and Newswire.

The agreement provides for 420,000 metric tonnes of LPG, with a 20% allowance above or below that volume and a guaranteed minimum of 336,000 tonnes. Its price is linked to the Saudi Aramco Contract Price, with an additional US$133.93 per tonne on a cost, insurance and freight basis.

Minister Nalinda Jayatissa said international competitive bids were invited and four proposals were received. He said OQ Trading was chosen as the lowest bid that substantially met the requirements.

Based on: Newswire, EconomyNext, Ada Derana

Written by AI from these outlets’ reports. Not reviewed by an editor. It can be wrong — the original reports are the authority. Report a mistake.

Compare the headlines

The same event, in each outlet’s own words. The order changes daily.

Earlier coverage

Reports on the same subject from the months before this story.

  1. Hiru News (සිංහල) ·

    කැමති මිලකට විකුණන්න: ඉන්ධන සැපයුම්කරුවන්ට බලශක්ති ඇමතිගෙන් උපදෙස්

  2. Daily Mirror ·

    Three foreign fuel suppliers seek written communication from Ministry to set prices freely

Read the original reports 3

Showing 3 of 3 reports