The Cabinet has approved awarding the contract to supply 420,000 metric tons of LPG to Litro Gas Lanka Limited for the year 2027 to OQ Trading Limited.
The contract is valid for a period of 12 months commencing January 1, 2027, with a minimum guaranteed supply volume of 336,000 metric tons.
In accordance with the Cabinet decision, the contract has been awarded on a CIF (Cost, Insurance, and Freight) basis, adding a fixed premium of US$ 133.93 per metric ton to the contracted price of Saudi Aramco.
Litro Gas Lanka Limited had called for international competitive bids to procure LPG for 2027 and received four bids. It is reported that the bids were examined and evaluated by the Cabinet-Appointed Procurement Committee, based on the recommendations of the Technical Evaluation Committee.