Laugfs, Exxon-Mobil extend Sri Lanka lubricant market gains in 2018 2Q
ECONOMYNEXT – Laugfs and Exxon Mobil, have extended their market share in the second quarter of 2018, while Chevron Ceylon and the Indian Oil Corporation has seen their share fall amid a shrinking market, data from the regulator shows.
Chevron Ceylon saw their share fall to 6,242 kilolitres (38.46 percent) in the second quarter from 7,054 million kilolitres (41.88 percent) in the first quarter while the total market also fell to 16.,227 million kilolitres from 16,843 kilolitres.
Indian Oil Corporation sales fell to 2,414 kilolitres (14.88 percent), from 2,807 kilolitres (16.67 percent) a quarter earlier.
Laugfs Holdings expanded sales to 1,667 kilolitres (10.28 percent), from 999 kilolitres (5.93 percent) a quarter earlier, becoming the third player.
ExxonMobil Asia also increased sales to 1,531 kilolitres (9.44 percent), from 1,208 kilolitres but (7.17 percent), despite falling to fourth place.