An Echelon Media Company
Thursday December 2nd, 2021
Energy

Sri Lanka CPC has asked for reduction of Rs42 tax on petrol: Minister

More carbon heavy diesel taxed at a lower rate

5 min read

Sri Lanka's Jaffna peninsula may have oil: Minister

Aerial survey data to be analyzed in three months

5 min read

Sri Lanka CPC controversial US$2.5bn re-financing attempt fails

7 percent fee was to cover credit insurance

5 min read

Sri Lanka LPG fires: testing samples, no composition standard: Minister

New standards were published in September but nobody seems to have taken notice

5 min read

Sri Lanka's Litro Gas says gas explosions linked to substandard regulators, tubes

Litro Gas supplies 80 percent of the liquid petroleum gas (LPG) cylinder market in Sri Lanka.

Sri Lanka to go ahead with fuel price stabilisation fund: energy minister

“Going forward, the fuel price shall be decided by the fuel price stabilisation fund and not by ministers."

Fire accidents in Sri Lanka LP gas leak raise safety questions

Human negligence blamed for the explosions

Mahadiya Hamza

3 min read

Sri Lanka's CEB engineers on 'work to rule' campaign against New Fortress LNG deal

Protesting against the agreement, the CEB engineers launched their work to rule campaign at 12pm on Thursday.

Chanka Jayasinghe

2 min read

Sri Lanka to set up another energy SOE, for natural gas

300 SOE's in Sri Lanka are eating away tax revenue already

Mahadiya Hamza

2 min read

Sri Lanka plans to auction M2 oil block with gas well in early 2022

Cairn India in 2011 found the presence of natural gas in the well named Dorado but did not develop it.

1 min read

Sri Lanka's CPC debt 4.2-pct of GDP by July 2021, loses Rs61.8bn

Part of losses comes from dollars borrowed after money printing

2 min read

Sri Lanka'S CEB losses down in September 2021 amid rains

Group bottom line in the black

2 min read

Sri Lanka's price control hit Laugfs Gas loses Rs950mn in September

Price controls have since been lifted

1 min read

Sri Lanka closes oil refinery amid money printing, forex shortages

We made this decision to manage limited foreign exchange to import essential foods

4 min read

Sri Lanka to allocate Rs 500 mn to facilitate private investment in renewable energy

2,000 megawatts will be added with the support of the private sector by generating electricity from renewable plants.

2 min read

Sri Lanka central bank calls for fuel pricing formula

To improve transparency and the general public’s acceptance of much needed regular price revisions

2 min read

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Sri Lanka LPG supplies wait for dollars to unload amid money printing

Gas supplies are stuck in the port

Mahadiya Hamza

2 min read

Sri Lanka cabinet nod for electricity policy guidelines; 70pct renewable by 2030

Other proposals include a decision to forego the construction of new coal power plants.

1 min read

Sri Lanka trade unions to protest controversial energy deal

“CEB engineers will also join, as well as trade unions from ports and the CPC refinery.”

3 min read

Sri Lanka's IOC unit reports Rs281mn in profits in Sept 2021

The firm has a dispute with tax authorities close to 2 billion which is under litigation.

2 min read

Sri Lanka awards Petrol, Diesel contracts to Vitol Asia (Singapore) Pte Ltd

From January to August 2022

1 min read

Sri Lanka to support 'no new coal' at COP26

China has already pledged to stop financing coal plants abroad

2 min read

Sri Lanka's CPC says petrol, diesel losses rise as LIOC hikes prices

The loss after direct taxes from diesel is 38.45 rupees to CPC and from petrol 92 it is a 23.19 rupees

Chanka Jayasinghe

4 min read

Sri Lanka CPC seeks fuel price hike amid Powell Bubble, currency fall

We will inform the cabinet that we cannot bear this loss anymore

3 min read

Sri Lanka rejects Oman land-for- interest request in US$3.6bn oil supplier's credit: Minister

The 3.6 billion US dollar credit line for one year

2 min read

Sri Lanka's CPC to enter LPG distribution as third player

CPC refinery produces 5-pct of LPG needs

1 min read

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