Sept 12, 2012 (LBO) – There was a thriving business in Sri Lanka involving the sale of unlicensed lubricants, adulterated and counterfeited brands and recycling used oil, which can damage vehicles engines, industry officials said. Such products used by unwary consumers could damage vehicle engines, he warned.
Sri Lanka’s lubricant market was estimated at 60 million litres a year of which more than three million litres could be grey market or fake.
Gamini Amarasekera, an industry expert said a lubricant typically had a series of chemicals to disperse and keep in suspension dirt and particles, prevent particles from coagulating and other additives to reduce friction and fuel efficiency.
There were anti-oxidants to increase the life of the engine.
Over the last several decades technology behind lubricants had become more complex, and periodically new, more advanced industry standards were being set.
A vehicle could use a later standard oil, but the use of an older standard lubricant could damage the engine and reduce its lifetime, he said.
Sri Lanka’s petroleum industry became a state monopoly in the1960 as property rights were violated by the state and existing petroleum firms were expropriated.