Indian Oil's Sri Lanka Operations to Secure Fuel Supply and Energy Stability

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LIOC assures Sri Lanka of continued fuel supply, energy security amid West Asia conflict

3. Gas Prices Surge Amid Iran Conflict: Fuel prices have risen sharply following the military conflict involving the United States and Iran that began on February 28. According to the American Automobile Association, the national average price of gasoline has climbed 19% over the past month to $3.45 per gallon. Analysts warn that prolonged instability in the region could push energy prices even higher. (Image: Canva)

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CNBC TV18•14-03-2026, 17:19

LIOC assures Sri Lanka of continued fuel supply, energy security amid West Asia conflict

•Lanka Indian Oil Corporation (LIOC) pledges uninterrupted fuel supplies and energy security for Sri Lanka.
•Assurance comes amidst ongoing conflict in West Asia and recent talks between Sri Lankan and Indian foreign ministers.
•LIOC Managing Director K Raghu stated, "You are all in safe hands," emphasizing their commitment to maintaining the fuel line.
•LIOC, with 200 fuel stations and 20% market share, previously aided Sri Lanka during the 2022 economic crisis.
•The company's 20-year contract, which began in 2003, was renewed in 2023, ensuring long-term operations.

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