📈 Singapore’s Epdesa Wins Petrol 92 Supply Contract

The Cabinet of Ministers has approved awarding a long-term contract to Singapore-based M/s Epdesa Pte. Ltd. for the procurement of Petrol 92 Unleaded, ensuring energy security for the first half of 2026. • Contract Scope: The agreement covers the supply of 5 shipments of petrol. Each shipment will consist of 300,000 barrels (with a ±5% variation). • Timeline: The supply period is set for six months, effective from March 15, 2026, to September 14, 2026. • Procurement Process: Bids were called from registered suppliers of the Ceylon Petroleum Corporation (CPC). Epdesa Ltd. was selected from six competing bidders following recommendations from the Special Standard Procurement Committee. • Strategic Context: This move is part of the state's efforts to maintain a steady fuel supply through competitive international bidding, managing national energy requirements and foreign exchange allocations systematically. _Note: Summary based on provisional cabinet decision data._