Lanka IOC PLC
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Overview
Lanka IOC PLC, established in 2002 and headquartered in Colombo, is Sri Lanka’s only private-sector oil company, operating as a subsidiary of India’s Indian Oil Corporation Ltd.. It is a major energy player in Sri Lanka, focused on importing, selling, and distributing refined petroleum products, including petrol, diesel, lubricants, and marine fuel (bunkering).
Founded Year
2002
Ownership Type
Government-Owned / State-Owned Enterprise
Business Model
B2C (Business to Consumer)
Time Zone
+5.30
Mission
Excellence & Customer Focus: Achieve international standards in all petroleum aspects, focusing on customer delight through quality products, services, and cost reduction. Stakeholder Value: Maximize wealth, value, and satisfaction for stakeholders. Technology & Innovation: Attain leadership in adopting state-of-the-art technology and fostering a culture of innovation. Sustainability & Ethics: Maintain high business ethics, total quality management, and environmental responsibility while contributing to community life.
Vision
A major, integrated energy company, with a strong environment conscience, playing a national role in oil security".
Core Values
Company Tagline
Head Office Country
Sri Lanka
