An Echelon Media Company
Friday June 2nd, 2023

Sri Lanka to ramp up weekend fuel deliveries after petrol price cut

CPC and CPSTL have not been operating on Sundays and public holidays in the last 4 months

June 2, 2023 1 min read

Sri Lanka cuts petrol to Rs318 a litre, kerosene to Rs245

Lanka Industrial Kerosene will be cut by 60 rupees a litre to 270 rupees.

May 31, 2023 1 min read

Sri Lanka inks deal with Korea for floating solar plants

KIAT will give a grant of 5.2 million  dollars to the Sustainable Energy Authority in order to build the projects.

May 31, 2023 1 min read

Sri Lanka raises fuel quota for cars to 40 litres, bikes 14

The new ration will be effetive from midnight May 31.

May 28, 2023 1 min read
Sri Lanka govt to revise fuel prices, increase fuel quota from June

Fuel Quota currently allowed on the National Fuel Pass QR system will be increased from the next month

Sri Lanka power minister lambasts regulatory chief, defends planned removal

“Being a member of an independent commission does not allow him to make political decisions."

Sri Lanka's CEB proposes 23-pct power bill cut for low users: Minister

No mention was made of the proposed tariff for industrial or commercial users.

May 24, 2023 2 min read

Denying Sri Lanka PUCSL Chief entry to his own ouster debate deplorable: Eran

Sri Lanka parliament has 'bizarre record' over independent commissions

May 24, 2023 2 min read

Sri Lanka inks deal with Sinopec to distribute fuel

Expected to begin operations within 45 days of licensing

May 22, 2023 1 min read

Sri Lanka electricity use plunges, consumers move to lower categories

Nearly 200,000 users had moved down to the below 30 unit a month category

May 19, 2023 4 min read

Sri Lanka's CEB has proposed reducing tariff by 3-pct: PUCSL chief

Costs estimated for the second half of 2023 had a fallen around 27 percent

May 19, 2023 2 min read

Sri Lanka's CPC to lease emergency response vessel

The contract will run from June 01, 2023

May 17, 2023 1 min read

Sri Lanka's CEB loses Rs34bn in the March 2023 amid finance costs

The operating loss was down to 19.2 billion rupees from 35.1 billion rupees

May 17, 2023 1 min read

Sri Lanka to shut coal plant for 100 days, no power cuts: Minister

There will be no power cuts due to the shutdown, Minister said.

May 15, 2023 1 min read

Sri Lanka electricity generation plunge 15.8-pct up to Feb 2023

Petrol sales for the first quarter was down 25.8 percent to 286,000 MT

May 11, 2023 2 min read

Sri Lanka power minister submits parliamentary motion to oust PUCSL chairman

The minister's report was presented in terms of Clause 7 of the Public Utilities Commission Act.

Neshella Perera
May 9, 2023 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 283.8763 290.6745
UK Pound 352.3039 358.1710
Euro 302.2424 309.9647
Aus Dollar 183.5776 188.4064
Yen 2.0303 188.4064
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5400 3.5935
Korea Won 0.2216 0.2248
Oman Rial 759.5857 770.5802
Saudi Riyal 77.9716 79.1149
UAE Dirham 79.6253 80.7822
Source: Central Bank/Indicative
pts %
S&P SL20 2,470.42 2.02 %
CSE All Share 8,668.40 1.59 %
Turnover Rs million 1,335,527,883 575,340,332
Source: CSE
Latest Last
3-m bill 24.64 24.60
6-m bill 24.24 24.36
12-m bill 22.37 22.36
5-yr bond 24.98 24.79
8-yr bond 23.82 23.16
Source: Central Bank/Indicative
today yesterday
Overnight Money 14.00 16.50
Gilt Repo 14.00 16.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka's CPC loses Rs615bn in 2022 with Rs527bn forex loss

CPC is now being broken up to improve competition

May 9, 2023 2 min read

Sri Lanka to review, revise expensive electricity tariff in July; Minister

The move also comes as the government will have to face elections at least by next year.

May 3, 2023 1 min read

Sri Lanka CEB to be broken to 14 companies, new regulator says PUCSL chair

Current regulator to be abolished

May 3, 2023 2 min read

Sri Lanka's IOC unit profits up 112-pct in March 2023 quarter

Profits up with currency fall

May 2, 2023 1 min read

Sri Lanka cuts petrol to Rs333 a litre, diesel Rs330 from May 01

Petrol taxed at Rs77 a litre, diesel Rs51 a litre

May 1, 2023 1 min read

Sri Lanka to ink fuel retail deals with Sinopec, RM Parks-Shell in May

The minister met a Sinopec team that arrived in the island the previous day to finalise the agreements.

Himal Kotelawala
April 26, 2023 2 min read

Sri Lanka continues increased fuel quotas, no change in demand following New Year

“The misuse of the QR code has also gone down after the amount was increased.”

April 26, 2023 2 min read

US funds Sri Lanka battery swapping station for e-bikes

Under the project 20 riders will be recruited to pilot e-bikes for delivery services.

April 22, 2023 2 min read

Sri Lanka records highest energy demand in recent times: power minister

Sri Lanka is currently going through a debilitating heat wave.

April 20, 2023 1 min read

Sri Lanka new electricity law to reform power sector by May

A financial and human resource audit is planned

April 19, 2023 1 min read
1 2 3 68