Lanka IOC to withdraw from diesel sales?

Lanka Indian Oil Corporation is planning to further increase its diesel price with the ultimate objective of withdrawing from diesel sales and focus on the more profitable petrol sales, 'Lanka' newspaper says in its banner headline story.
Lanka IOC has been raising its diesel price without control after the government granted it permission to fix prices.
Since May 21st, it had increased the price by Rs. 20, Rs. 10 and Rs. 20 margins on three separate occasions, and a litre of diesel is presently sold at Rs. 130.
With its sale of petrol at Rs. 157 per litre, Lanka IOC earns an additional profit of Rs. 23, according to 'Lanka.'
The company is hoping that its higher diesel price will make consumers attracted more to filling stations run by the State Petroleum Corporation.
The longer wait and the longer queues created will result in more and more petrol-run vehicles soliciting Lanka OIC filling stations, thus increasing its petrol sales by unprecedented margins.
Having 100 filling stations in the country, it presently accounts for one-third of the local fuel market.
Experts note that neither the government nor the CPC has a way out of this scheme by Lanka IOC, the newspaper added.