Company filings, disclosures and news on Lanka IOC Plc (LIOC), Oil Refining/Marketing on the Colombo Stock Exchange, tagged by theme and scored for sentiment.
Sri Lanka's cabinet approved a Rs41 billion diesel subsidy for Oct-Dec (Rs15.0bn Oct, Rs13.5bn Nov, Rs12.15bn Dec) while petrol is excluded, minister Nalinda Jayatissa said. The CPC will set final per-litre rates; the government said CPC and Lanka IOC hold adequate import stocks.
Energy Minister Anura Karunathilaka told Parliament Sri Lanka cannot legally subsidize the state Ceylon Petroleum Corporation alone or impose a maximum retail price because 2022 agreements require equal treatment of private importers such as Lanka IOC. The contracts entitle operators to a 4% margin and any price cap below costs would force the Treasury to cover deficits.
Colombo market opened lower as the ASPI fell 69 points (-0.3%) and the S&P SL20 dropped 8 points (-0.1%). Turnover was Rs.1.5bn (above last week's Rs.1.4bn), foreigners were net sellers of Rs.94.7m, with declines led by ASIR, CCS, SPEN, DIAL and others.
Lanka IOC PLC marked the start of its 25th year in Sri Lanka by ringing the Market Opening Bell at the Colombo Stock Exchange, celebrating its role in the downstream petroleum sector, nationwide fuel network, bunkering and storage operations and contribution to energy security.
Lanka IOC PLC rang the Colombo Stock Exchange opening bell to mark the commencement of its 25th (Silver Jubilee) year, celebrating its role in Sri Lanka's downstream petroleum sector, nationwide retail fuel network and contribution to national energy security.
Parliament's Committee on Public Finance approved a Rs.71.7 billion supplementary allocation for a government relief package, with Rs.52.8 billion earmarked to offset higher fuel landing costs and ensure uninterrupted fuel supply; Lanka IOC received Rs.2,340 million in April fuel subsidies.
Colombo's ASPI fell 1.7% this week while turnover hit a 65-week low of about Rs. 722.64 million; top drags on the index included John Keells (JKH), PKME and NDB. Banking led turnover (notably Sampath Bank) and activity was concentrated in capital goods, food & beverage and energy names.
Colombo market fell to a three-month low as the ASPI slipped 0.50% (107.39 pts) to 21,424.99 and the S&P SL20 dropped 0.37% (22.04 pts) to 6,000.15. Foreign investors were net sellers of Rs.126.9m; main negative contributors included Carson, Melstacorp, Vallibel One and John Keells, while Lanka IOC, Ceylon Cold Stores and Dipped Products led turnover.
Lanka IOC PLC held its 24th AGM on 09 July 2026 where shareholders approved the audited financial statements for the year ended 31 March 2026 and declared a dividend. The board highlighted strategic priorities including digital transformation, retail network expansion, growth in lubricants/petrochemicals, and pursuit of EV charging and renewable energy projects.
Colombo market fell for an eighth session as ASPI dropped 0.60% (130.78 pts) to 21,697.72 amid renewed Middle East tensions, with turnover over Rs.1.4bn and foreign net outflow of Rs.91.7m. Declines were led by Commercial Bank, Melstacorp, Hayleys and John Keells, while capital goods, food & beverage and banking drove turnover.
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