Approval to establish another 50 LIOC fuel stations in SL!
The Ministry of Power and Energy has granted approval to Lanka Indian Oil Company (LIOC) to open 50 more petrol stations in Sri Lanka.
The LIOC currently owns a 10 percent share of Sri Lanka's fuel distribution industry.
LIOC is also a company listed in the Sri Lankan stock market.
The government has already reached a decision to open up the fuel industry.