Litro denies false media claims concerning contract on fuel imports

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Litro Fuel Firm has issued a press launch concerning current media reviews on a fuel import contract and the worldwide buy of Litro Fuel Lanka Firm, calling them to be false.

Clarification of Litro Fuel Lanka Firm concerning the false statements made by the media concerning the fuel import contract and worldwide buy of Litro Fuel Lanka Firm.

Litro Fuel Lanka Firm strongly denies the media reviews that the corporate has misled the Cupboard and the Litro Firm engaged in monetary misappropriation. It says that Litro Fuel Firm’s Board of Administrators is sure to implement cupboard choices as a authorities subsidiary.

Additionally, Litro Fuel Lanka Firm mentioned that failure of the state treasury, native or worldwide monetary establishments to supply 37M$ standby debenture letter (SBLC) to Siam Fuel, the low bidder within the 2022-2023 Litro Fuel worldwide tender and since Siam Fuel Firm refused to supply fuel with out SBLC, the fuel provide tender was stopped on the choice of the cupboard.

The Oman buying and selling firm was chosen for the availability of 100,000 metric tons of fuel beneath the World Financial institution monetary facility. In calling for costs for short-term buy, Siam Fuel Firm, which quoted the bottom worth, has knowledgeable Litro Fuel that the corporate can’t provide the required quantity of fuel on the identical time for the present excessive demand available in the market.

Within the short-term name for 15,000 metric tons of fuel, Siam Fuel firm provided a worth of $112 USD per one metric ton of fuel, however the firm denies media reviews that the value provided by Siam fuel firm was $96 USD.

Litro Fuel Lanka Firm additionally denies the false assertion that Litro Fuel Lanka Firm has not imported any fuel for the month of June 2022. The corporate insists that it has imported 6976 metric tons of fuel for the month of June and for that the corporate has paid US$ 105 per metric ton of fuel.

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