Sri Lanka is currently experiencing major fuel shortage along with the worst inflation since gaining independence in 1948. The shortage of foreign exchange has resulted in food and fuel shortages in the past few months but there is some good news for the struggling island nation. India's Lanka Indian Oil Corporation (LIOC) has announced that they will be opening around 50 new fuel stations in the country in order to boost the fuel supply. LIOC, a subsidiary of the Indian Oil Corporation, already has 216 stations all around the country and is also listed on the Colombo Stock Exchange.
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