Sri Lanka buys aviation fuel from LIOC to meet rising demand
ECONOMYNEXT – Sri Lanka’s state-owned refiner Ceylon petroleum Corporation has bought 14,000 metric tonnes of aviation fuel from the local unit of Indian Oil Corporation to maintain stocks owing to a hike in demand.
The Ministry of Petroleum Resource Development said in a statement the fuel, bought from Lanka IOC, was being unloaded and had met the required quality standards.
The tanker which brought the stock of fuel had berthed on December 10.
The first sample drawn to test the fuel did not meet the required quality levels, apparently because of rust, the statement said.
But a second sample drawn on December 17 met the standard as the rust had settled in the hold, it said.
(COLOMBO, December 19, 2017)