LIOC denies role in current petrol crisis

News

The Lanka Indian Oil Company (LIOC) yesterday received flak for the ongoing fuel shortage in the country, however the company denied any responsibility to the ongoing petroleum crisis.

"As a reliable distributor of petroleum products in Sri Lanka over many years, LIOC is making all efforts to assist in the early resolution of this problem. However, attempts by some to blame LIOC for causing the shortage are mischievous and factually incorrect, and we categorically reject such allegations," the LIOC said in a statement.

The LIOC said it catered to only 16 per cent of the Sri Lankan market, while the remaining 84 per cent relied on Ceylon Petroleum Corporation (CPC) supplies.

"Thus, large shortages across the country can only be caused by disruption in supplies of CPC (the Sri Lankan government petroleum entity)," the statement said.

"It may be noted that LIOC has adequate stocks...and normal daily diesel sales of 775 MT is continuously happening from all our sheds across the country. It is total misrepresentation of facts that diesel is not being sold by LIOC sheds," the statement said.

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