Local News
SINOPEC Reevaluates $3.7 Billion Hambantota Refinery Amid Local Market Share Disputes.
May 4, 2026 at 12:18 AM
China’s SINOPEC has stalled the $3.7 billion Hambantota oil refinery project, citing concerns that the current 20% local market allocation is insufficient for economic sustainability, with reports suggesting they are seeking a 30% share.
Local News
Sri Lankan Fuel Dealers Urge Presidential Intervention Over Commission Cuts.
April 18, 2026 at 11:14 AM
The Petroleum Dealers’ Association has appealed to President Anura Kumara Dissanayake to address financial hardships caused by a new, tiered fuel commission structure that replaced the previous percentage-based model.











