In a key development for Sri Lanka's energy landscape, RM Parks Inc., a prominent U.S. petroleum products distributor, has inked a landmark agreement with the Board of Investment (BOI) for a substantial investment of USD 110 million. The agreement aims to introduce Shell products to the Sri Lankan market and expand the nation's fuel infrastructure.

The collaboration between RM Parks Inc. and Shell is set to transform the local petroleum sector. The agreement outlines plans to operate a network of 200 fuel stations across the country, providing consumers with access to a wide range of Shell products. In addition to conventional fuel options, the collaboration aims to offer cutting-edge services, including mini-supermarkets and electric vehicle (EV) charging facilities.

The Board of Investment (BOI) confirmed the agreement, highlighting the positive impact it is expected to have on Sri Lanka's energy and retail sectors. The introduction of Shell products is anticipated to enhance the quality and variety of fuel options available to consumers while simultaneously fostering the growth of ancillary services.

The move towards incorporating mini-supermarkets within the fuel station setup aligns with global trends in convenience retailing, providing customers with added convenience and diverse shopping options. Furthermore, the inclusion of EV charging facilities reflects a forward-looking approach, acknowledging the increasing importance of sustainable and eco-friendly transportation solutions.