Monthly Archives: April 2021
Lanka IOC welcomes Hon’ble Minister of Energy Mr Udaya Gammanpila at LIOC’s facilities in TrincomaleeApril 19, 2021 1:38 pm
Honoured to welcome Hon’ble Minister of Energy Mr Udaya Gammanpila at LIOC’s facilities in Trincomalee recently.
His appreciation & guidance will encourage us to enhance our efforts to further strengthen Sri Lanka’s energy security.
Hon’ble Energy Minister was briefed about Lower Tank Farm developed with LIOC’s investment as a state of the art facility.
Lanka IOC launches Lubes Distributor Secondary Billing web based application.April 6, 2021 1:55 pm
SERVO lubes has achieved highest sales volume of 14209 KL in 20-21, of which 50% of the sales is contributed by Lube Distributors. Currently Lanka IOC has 27 lube distributors across the island with monthly sales volume crossing 750 KL average. All these distributors have individual secondary billing applications, with user limitations. Moreover there was no mechanism to capture secondary lubes sales data that is the billing by distributor to end customer/retailer . In the current competitive scenario, to increase the profitability its imperative to have visibility of product movement up to end consumer. Keeping this requirement, Lanka IOC got secondary billing software developed with cloud based storage and adequate security protocols. All the 27 distributors are now LIVE on this new billing app and LIOC can monitor the secondary sales on click of a button. The new system launched will largely benefit the lubes channel partners and shall help Lanka IOC to further improve their penetration in the market.