The Cabinet of Ministers has approved awarding the contract to supply 420,000 metric tonnes (±20%) of Liquefied Petroleum Gas (LPG) to Litro Gas Lanka Limited for 2027 to M/s OQ Trading Limited.
The contract will cover a period of 12 months commencing January 01, 2027, with a minimum guaranteed supply quantity of 336,000 metric tonnes.
According to the Cabinet decision, the LPG supply contract will be awarded at the Saudi Aramco Contract Price plus a fixed premium of USD 133.93 per metric tonne, on a Cost, Insurance and Freight (CIF) basis.
Litro Gas Lanka Limited had invited international competitive bids for the procurement of LPG supplies for 2027, receiving four bids in response.
The bids were subsequently evaluated by the Procurement Committee appointed by the Cabinet of Ministers, based on the recommendations of the Technical Evaluation Committee.
Following the evaluation, the Cabinet approved the proposal submitted by the President, in his capacity as the Minister of Finance, Planning and Economic Development, to award the procurement contract to OQ Trading Limited. (Newswire)
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