United Petroleum slams govt. for unkept promises

WARNS POLICY INCONSISTENCY HURTING INVESTOR CONFIDENCE

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United Petroleum Lanka yesterday expressed “deep disappointment” over the challenges it faced during its short-lived operations in the island nation, stating similar issues have now extended to its exit.

According to the Australian-owned subsidiary of United Petroleum Group, the government has failed to meet its obligations under a Cabinet-endorsed agreement.

In a strongly worded statement, the fuel retailer accused the government of failing to uphold “a key undertaking from the Energy Ministry”, despite the repeated followups and extensions granted for completion.

The company said it had met all its obligations under the agreement but was left with “no option” but to terminate the exit agreement and initiate formal dispute resolution proceedings in October 2025.