The Lanka Indian Oil Company (LIOC) will be given the approval to open 50 more filling stations. The Energy Minister has also given his approval in this regard.
Accordingly, LIOC Managing Director Manoj Gupta has informed the Colombo Stock Exchange that the company has been given the approval to open more filling stations.
LIOC is the only company involved in the distribution and sale of petroleum other than the state-run Ceylon Petroleum Corporation (CEYPETCO) and accordingly, more LIOC operations will be expanded throughout the country.
In the wake of the crisis regarding the import of petroleum the government has been focusing on the privatisation of all state-owned fuel stations, but such a move has not yet been made.
MIAP
