The government has allowed the Chinse Company sell fuel at prices lower than those of the CPC if they willing to do so Minister of Power and Energy Kanchana Wijesekera said. ,

At the beginning the Chinese Company has started selling diesel and petrol for Rs 3.00 below the price set by state-run CPC official records shows.

Sinopec is now selling a liter of octane 92 petrol at Rs 358 which is Rs 7 less than the CPC and Lanka Indian Oil Company price of octane 92 petrol at Rs 365.

This company has a 20-year franchise from the government and will take over 150 fuel stations, now operated by CPC he said adding that and Sinopec had invested in 50 new filling stations.