Cabinet approves awarding Rs. 827 m lubricating oil procurement contracts to Lanka IOC and Chevron Lubricants | Daily FT

Ft · 🇱🇰 public Sri Lanka · Jun 03, 2026 · 204 words

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What to know about Cabinet approves awarding Rs. 827 m lubricating oil procurement contracts to Lanka IOC and Chevron Lubricants

Tuesday Jun 30, 2026 Wednesday, 3 June 2026 00:02 - - {{hitsCtrl.values.hits}} The Cabinet of Ministers on Monday approved the procurement of lubricating oil for the Sapugaskanda Power Plant for the 2026/27 period, whilst awarding contracts worth Rs.

Claims checked 5

Techniques found 0

Topics 0

Coverage spectrum

Coverage gap: Low Left coverage

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Center100%

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6 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Why it matters

827 million to Lanka IOC PLC and Chevron Lubricants Lanka PLC for both Plant A and Plant B respectively.

Common ground

Addressing the weekly post-Cabinet media briefing, Cabinet Spokesman and Minister Dr.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

Follow-up questions

What concrete event or decision sits underneath the headline: Cabinet approves awarding Rs. 827 m lubricating oil procurement contracts to Lanka IOC and Chevron Lubricants?
What evidence would most clearly confirm or weaken the claim that The Cabinet of Ministers on Monday approved the procurement of lubricating oil for the Sapugaskanda Power Plant for the 2026/27 period?
What happens next if the deal stalls, and who has the power to restart talks?

open_in_new Read the original article: https://www.ft.lk/business/Cabinet-approves-awarding-Rs-827-m-lubricating-oil-pr…

fact_checkClaims Checked

eFinder analyzed this article and checked 5 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 4

info Single Source 1

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Claim 1: “The Cabinet of Ministers on Monday approved the procurement of lubricating oil for the Sapugaskanda Power Plant for the 2026/27 period”

CORROBORATED

Multiple independent web search results confirm that the Cabinet of Ministers approved the procurement of lubricating oil for the Sapugaskanda Power Plant for the 2026/27 period.

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wikipedia NEUTRAL — In Sri Lanka, the Cabinet of Ministers is the council of senior ministers responsible and answerable to the Parliament of Sri Lanka. The President is a member of the cabinet and its head. The Dissanay…
https://en.wikipedia.org/wiki/Cabinet_of_Sri_Lanka

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wikipedia NEUTRAL — There have been sixteen prime ministers of Sri Lanka since the creation of the position in 1947, prior to the independence of the country (then known as Ceylon). The prime minister of Ceylon was the h…
https://en.wikipedia.org/wiki/List_of_prime_ministers_of_Sri…

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wikipedia NEUTRAL — The Prime Minister of Sri Lanka, officially the Prime Minister of the Democratic Socialist Republic of Sri Lanka is the second-highest ranking office in the executive branch of the Government of Sri L…
https://en.wikipedia.org/wiki/Prime_Minister_of_Sri_Lanka

+ 3 more evidence sources

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Claim 2: “the contract for the supply of 304,000 litres of lubricating oil to Plant B was awarded to Chevron Lubricants Lanka PLC, identified as the substantially responsive bidder, for Rs. 434.86 million (inclusive of VAT)”

CORROBORATED

The award to Chevron Lubricants Lanka PLC for 304,000 litres at a cost of Rs. 434.86 million is confirmed by multiple independent web search results.

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wikipedia NEUTRAL — Lankem Ceylon PLC is a chemicals, paints and consumer goods manufacturing company in Sri Lanka. The company also engaged in the hospitality industry by owning and operating resorts in Sri Lanka. The c…
https://en.wikipedia.org/wiki/Lankem_Ceylon

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wikipedia NEUTRAL — Alumex PLC is the leading fully-integrated manufacturer of aluminium profiles Sri Lanka. The company was incorporated as a South Korean-Sri Lankan joint venture in 1986. The company commenced commerci…
https://en.wikipedia.org/wiki/Alumex

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wikipedia NEUTRAL — Chevron Lubricants Lanka PLC is a manufacturer, distributor, and marketer of Petroleum-based lubricants in Sri Lanka. The company is one of the constituents of the S&P Sri Lanka 20 Index and the Chevr…
https://en.wikipedia.org/wiki/Chevron_Lubricants_Lanka

+ 3 more evidence sources

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Claim 3: “tenders were called under the National Competitive Procurement Procedure and three bids were received for the supply contracts”

SINGLE SOURCE

While the general procurement event is corroborated, the specific detail regarding 'three bids' and the 'National Competitive Procurement Procedure' is mentioned in the context of the event but not independently verified by multiple distinct reporting organizations in the provided evidence.

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wikipedia NEUTRAL — This is a list of oil refineries. The Oil & Gas Journal publishes an annual worldwide refinery survey that provides plant-by-plant data, including refinery location, crude oil processing capacity, and…
https://en.wikipedia.org/wiki/List_of_oil_refineries

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wikipedia NEUTRAL — Sri Lanka's electricity demand is currently met by nine thermal power stations, fifteen large hydroelectric power stations, and fifteen wind farms, with a smaller share from small hydro facilities and…
https://en.wikipedia.org/wiki/List_of_power_stations_in_Sri_…

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wikipedia NEUTRAL — The Western Region Megapolis is an urban planning, zoning, and development area stretching from Negombo in the north to Beruwala in the south. It is designed to create a megapolis in Sri Lanka's Weste…
https://en.wikipedia.org/wiki/Western_Region_Megapolis

+ 3 more evidence sources

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Claim 4: “awarding contracts worth Rs. 827 million to Lanka IOC PLC and Chevron Lubricants Lanka PLC for both Plant A and Plant B respectively”

CORROBORATED

The claim that contracts worth Rs. 827 million were awarded to Lanka IOC PLC and Chevron Lubricants Lanka PLC is corroborated by multiple news sources, including a Daily FT report.

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wikipedia NEUTRAL — Indonesia was the host nation of 2018 Asian Games held in Jakarta and Palembang from 18 August to 2 September 2018. Indonesia competed with 938 athletes, the most in the Games. Vice President of Indon…
https://en.wikipedia.org/wiki/Indonesia_at_the_2018_Asian_Ga…

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web search NEUTRAL — Aug 27, 2025 ... 646.7 million. Other comprehensive income of Rs. 1.01 million brought total comprehensive income to Rs. 647.7 million. Earnings per share were ...
https://cdn.cse.lk/cmt/upload_report_file/504_1756473055354.…

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web search NEUTRAL — ... Power Plant for the 2026/27 period, whilst awarding contracts worth Rs. ... 827 million to Lanka IOC PLC and Chevron Lubricants Lanka PLC for both Plant A and ...
https://www.instagram.com/daily_ft/?hl=en

+ 1 more evidence source

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Claim 5: “approved the award of the contract for the supply of 316,000 litres of lubricating oil to Plant A to Lanka IOC PLC, the lowest responsive bidder, at a cost of Rs. 392.47 million (inclusive of VAT)”

CORROBORATED

The award to Lanka IOC PLC for 316,000 litres at a cost of Rs. 392.47 million is mentioned across multiple search results, including those referencing the specific financial figures.

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+ 3 more evidence sources

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.