Sri Lanka’s IOC unit authorised to open 50 new filling stations
ECONOMYNEXT – Sri Lanka’s Ministry of Power & Energy has authorised the establishment of 50 new filling stations by Lanka IOC PLC, the local unit of the Indian Oil Corporation (IOC).
LIOC Managing Director Manoj Gupta told EconomyNext on Monday August 08 that advertisements on the filling stations will appear in a week or so.
“Sheds cannot be opened overnight. We will put out the advertisements and open them in the fifty locations. The ministry of power and energy has given approval. We will put out advertisements in a week or so,” he said.
Sri Lanka is in the midst of a fuel crisis triggered by forex shortages. (Colombo/Aug08/2022)
