Lanka IOC announces revised dealer commission effective Mar. 1

Lanka IOC PLC has revealed new dealer commissions for fuel that will take effect on March 1, 2026. In a statement, the company announced that the updated rates for both company-owned and franchisee-owned filling stations have received approval from the relevant authority. Company-owned filling stations will earn a commission of 2.75% of the retail selling price, while franchisee-owned stations will receive a commission of 3.00% of the retail selling price, according to Lanka IOC PLC. The company also mentioned that these dealer commissions will stay the same for six months starting from March 1. After that time, they will be evaluated based on the current market conditions and the company's policies. If there are any increases in retail selling prices during this six-month period, the dealer commissions will be adjusted accordingly, Lanka IOC added.