Ioc To Retail Petrol, Diesel In Sri Lanka

Indian Oil Corporation (IOC) will start selling auto fuels in Sri Lanka by taking over 100 retail outlets of Ceylon Petroleum Corporation.

A memorandum of understanding was signed by IOC chairman, M S Ramachandran, and Ceylon Petroleum chairman, Daham Wimalasena, a company statement said here.

As per the MoU, Ceylon Petroleum would divest 100 retail outlets in favour of IOC and would assist India