The license of Lanka Indian Oil Corporation (LIOC) was renewed last week.
LIOC has been operating in Sri Lanka since 2004.
Lanka Indian Oil Corporation’s license has been renewed for another 20 years from 2024.
Lanka IOC is a subsidiary of Indian Oil Corporation which operates retail petrol and diesel filling stations in Sri Lanka.
LIOC was the only private company that retailed fuel before Sri Lanka recently fully opened up the fuel market to the private sector.
Lanka Indian Oil has a distribution network of 211 retail outlets across the island.
Its headquarters is located in Colombo city.
