Changing Tracks

Sri Lanka's state minister of defence Ruwan Wijewardene (L) takes part in a press conference in Colombo on April 24, 2019. - A Sri Lankan security dragnet hunting those responsible for horrifying bombings that claimed more than 350 lives has scooped up a further 18 suspects, police said April 24, as pressure mounted on politicians to explain why no one acted on intelligence warnings. (Photo by ISHARA S. KODIKARA / AFP) (Photo credit should read ISHARA S. KODIKARA/AFP/Getty Images)

Ceypetco will amend earlier plans to restrict its lubricant suppliers, allowing as many as possible to sell at its sheds from January next year. Ceypetco will amend earlier plans to restrict its lubricant suppliers, allowing as many as possible to sell at its sheds from January next year.

Under earlier terms, about eight suppliers would sell for a year, with four of the best in terms of sales volumes, being picked by end 2005.

“There is a change in the concept and we now we are trying to allow as many as possible to supply lubricants at our sheds. We have found that there are many people waiting in line,” Manager, Corporate Reforms, Hilmi Sulaiman said.

“We will be revising it to an open tender and advertising again tomorrow,” he added.

The state oil giant called for bids last month to tie up with multiple lubricant suppliers when its exclusivity agreement with Caltex ends this year.

Caltex extended its exclusive distribution rights to sell at all 100 of Ceypetco’s fuel sheds and about 300 franchise stations, from June until December this year, Caltex CEO, Kishu Gomez said.

The local lube market, estimated at about Rs.