The proposal by Minister of Petroleum Resources Development Chandima Weerakkody to award the long-term contracts for the purchase of petrol and diesel to Swiss Singapore Overseas Pte. Ltd and Gunvor Singapore Pte. Ltd, respectively, was approved by the Cabinet of Ministers.    

The contract for purchase will be for eight months (from 01-03-2017 to 31-10-2017) - 4,200,000 Bbls of Diesel (Max. sulphur percentage 0.05) and 956,250 Bbls of Petrol (92 Unl) will be purchased.