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Friday November 13th, 2026
Energy

Sri Lanka plans solar panel production with Indian firm amid raw material concerns

Sri Lanka faced power cuts last year after failing to import fuel

August 21, 2023 2 min read

Windforce to build Sri Lanka's first ramp-rate controlled solar power plant

A 12MWh battery system will protect the grid from ramping

August 18, 2023 2 min read

Sri Lanka to open bids in China's Sinopec, Vitol refinery race on August 30

Evaluation may take 4 to 6 weeks

August 18, 2023 1 min read

Sri Lanka to make Mannar energy hub; intercity train service to Colombo to commence

“With access to solar, wind, and green energies, the Mannar district can be developed into an energy hub,” he said.

August 16, 2023 2 min read
Sri Lanka electricity tariffs cut 20-pct

Domestic users of 0.30 units will see a reduction of 29 percent

Sri Lanka inks deal with Sinopec for US$3.7bn refinery

State-of-the-art oil refinery with a capacity of 200,000 barrels, to be constructed in Hambantota

Sri Lanka petrol hiked to Rs132

Sri Lanka has hiked the price of petrol (92 Octane) by 3 rupees to 132 rupees a litre and auto diesel by 1 rupee to 104 ...

March 12, 2019 1 min read

Sri Lanka examines market pricing furnace oil for industry: official

Sri Lanka will look into the possibility of market pricing furnace oil, which is a key ingredient of the export industry...

March 9, 2019 1 min read

Sri Lanka to get 10mn tonne/yr oil refinery in Hambantota

An oil refinery with a capacity of 10 million tonnes a year is to be built by a Singapore-Oman joint venture in Sri Lank...

March 8, 2019 1 min read

Swiss Singapore Overseas gets another Sri Lanka crude oil deal

ECONOMYNEXT - Swiss Singapore Overseas Enterprises Pte. Ltd., a commodity trader, has won a contract to supply Murban cr...

March 7, 2019 1 min read

China Machinery wins Sri Lanka coal power plant maintenance deal

ECONOMYNEXT – Sri Lanka has awarded China Machinery Engineering Corporation (CMEC) a contract for skilled labour...

February 28, 2019 1 min read

Trafigura wins Sri Lanka coal power plant supply deal

ECONOMYNEXT – Multinational commodity trading company Trafigura Pte. Ltd. has won a contract to supply 360,000 me...

February 27, 2019 1 min read

Sri Lanka's northern Jaffna Peninsula gets two more wind power plants for Rs 4.4bn

ECONOMYNEXT – Two more renewable energy power plants are to be built in Sri Lanka’s northern Jaffna penins...

February 20, 2019 1 min read

Sri Lanka CEB to hold tariffs amid election fever, downgraded to AA+(lka) by Fitch

Sri Lanka's state-run Ceylon Electricity Board has been rated at 'B' after the government's credit was downgraded by Fit...

February 18, 2019 4 min read

Bell Geospace wins Sri Lanka offshore oil airborne gravity survey deal

ECONOMYNEXT – Sri Lanka’s government has awarded U.S. firm Bell Geospace Ltd. a contract to explore for of...

February 14, 2019 1 min read

Sri Lanka hikes fuel prices; petrol Rs 129

Sri Lanka has hiked petrol by 6 rupees to 129 a litre and diesel by 4 rupees to 103 a litre under a monthly pricing form...

February 11, 2019 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 332.3603 330.8514
UK Pound 440.9424 438.3450
Euro 368.4879 371.0168
Yen 2.0805 2.0916
Aus Dollar 227.4342 231.1659
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5474 3.4202
Korean Won 0.2492 0.2479
Oman Rial 863.2287 859.3320
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UAE Dirham 90.4874 90.0766
Source: Central Bank/Indicative
pts %
S&P SL20 6,365.57 +0.26%
CSE All Share 22,157.40 +0.56%
Turnover Rs 2975.05 million 1193.67 million
Source: CSE
Latest Last
3-m bill 7.61 7.84
6-m bill 7.91 8.26
12-m bill 8.23 8.3
3-yr bond 9.24 9.25
5-yr bond 9.82 9.56
8-yr bond 10.50 10.48
Source: Central Bank/Indicative
today yesterday
Overnight Money 7.70 7.69
Gilt Repo 7.74 7.72
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka's Litro Gas awards LGP deal to Oman

Sri Lanka's state-run Litro Gas has awarded a 350,000 metric tonne liquefied petroleum gas deal to Oman Trading Internat...

February 9, 2019 1 min read

Sri Lankan Chevron unit wins lubricant deals for power sector

ECONOMYNEXT- The Sri Lankan unit of Chevron has won several tenders to supply lubricants to state-owned power stations a...

February 6, 2019 1 min read

Sri Lanka IOC unit prepared for daily fuel pricing: official

Lanka IOC, a publicly traded unit of the Indian Oil Corporation is ready for daily fuel price adjustments if Sri Lanka m...

February 6, 2019 2 min read

Sri Lanka IOC unit hit by ad hoc price cuts; formula not cost reflective

LankaIOC, a publicly traded unit of Indian Oil Corporation is expecting better results in the March 2019 quarter after b...

February 1, 2019 2 min read

Sri Lanka's JLanka wins Bahrain solar power deal: report

Sri Lanka based JLanka International, a solar power firm has won a deal from the government of Bahrain to train and cert...

January 22, 2019 1 min read

Sri Lanka re-tenders Mannar Basin offshore block for natural gas development

ECONOMYNEXT- Sri Lanka has reopened tenders for the M2 off-shore block in the Mannar Basin for fossil fuel development a...

January 17, 2019 2 min read

Sri Lanka cuts fuel prices, warns crude oil prices rising

ECONOMYNEXT – Sri Lanka’s government said it will cut fuel prices from midnight Thursday, with petrol and ...

January 10, 2019 2 min read

Sri Lanka hydro power up 87-pct amid rain

Sri Lanka's hydro power output rose 87 percent from a year earlier to 3,428 GigaWatt hours in the nine months to Septemb...

January 5, 2019 1 min read

Sri Lanka cuts petrol to Rs125 a litre, diesel Rs101

Sri Lanka is cutting the price of a litre of petrol to 125 rupees a litre from 135 rupees, with a pricing formula coming...

December 21, 2018 1 min read

Sri Lanka to revise fuel prices on formula Friday

Sri Lanka will announce new fuel prices based on lower world prices on Friday, bringing back formula pricing, Finance Mi...

December 20, 2018 1 min read