Nov 30, Colombo: Sri Lanka's state owned petroleum retailer Ceylon Petroleum Corporation (CPC) has decided to follow anew methodology in establishing fuel stations.

When granting permission for a new fuel station, the CPC will rely on a comprehensive study conducted by the University of Moratuwa.

The study has analyzed the present distribution and the future needs of fuel stations throughout the country.

The investors can download the application to establish a new fuel station from the CPC website and submit it with a processing fee of Rs. 2,500.

CPC will evaluate the application according to the University study and inform the applicant possibility of granting approval.

CPC has made compulsory for the investors to have sufficient equipment, storage facilities, eco-friendly safety measures and modern facilities for the consumers.