Sri Lanka motorist rush to top up fuel on strike threat
ECONOMYNEXT – Long lines of vehicles formed Sunday evening at fuel stations in Sri Lanka after a trade union at the state petroleum distribution utility said they were downing tools protesting a planned joint venture with an Indian firm.
Trade unions they opposed the joint development of a tank farm in Trincomalee with the Indian Oil Corporation.
The Sri Lanka unit of IOC already operates several tanks in the farm built by the British during the Second World War.
The state-run Ceylon Petroleum Corporation no longer has a monopoly in distribution, with Lanka IOC having a third of the distribution.
But there is a common user terminal which is jointly owned by both firms, with majority control for the Ceylon Petroleum Corporation.