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Friday November 13th, 2026
Energy

Sri Lanka will not revise electricity tariffs till January: power minister

“If the dispute is settled the work can be completed in four days," he said.

August 7, 2023 2 min read

China's Sinopec commences fuel distribution in Sri Lanka

A contract agreement was signed with Sinopec in May to distribute fuel locally through 150 filling stations

August 2, 2023 2 min read

Sri Lanka raises petrol price from midnight

Petrol price is increased for the second straight month

August 1, 2023 1 min read

Sri Lanka Hambantota Port oil says bunker volumes grow to 520,000MT

From January to June 2023, 143 vessel had called at the port compared to only 50 vessels in the first half of last year

July 26, 2023 1 min read
Sri Lanka to reactivate suspended LNG terminal tender: Minister

"We will reactivate it and quickly implement it"

Sri Lanka to regularize 49 renewable energy proposals: Minister

There were 49 proposals in response to expression of interest which were not competitive tender

Sri Lanka’s LAUGFS commissions Bangladesh gas cylinder repair plant

ECONOMYNEXT – Sri Lankan liquid petroleum gas (LPG) supplier LAUGFS Gas said it had commissioned a new cylinder r...

November 29, 2018 2 min read

Sri Lanka approves procurement of more wind, solar power plants

ECONOMYNEXT – Sri Lanka’s Cabinet of Ministers has approved plans to buy more solar and wind power plants ...

November 28, 2018 1 min read

Laugfs, Exxon-Mobil extend Sri Lanka lubricant market gains in 2018 2Q

Laugfs and Exxon Mobil, has extended its market share in the second quarter of 2018, from while Chevron Ceylon and the I...

November 21, 2018 1 min read

Sri Lanka petrol, diesel prices down by Rs5 a litre

The price of standard 92 Octcane petrol was cut by 5 rupees a litre to 140 rupees and diesel by 5 rupees to 111 rupees a...

November 16, 2018 1 min read

Sri Lanka’s LVL Energy Sept quarter net profit up 25-pct

ECONOMYNEXT - Sri Lanka’s LVL Energy Fund, which operates hydro, wind and thermal power plants, said net profit r...

November 12, 2018 2 min read

Sri Lankan refiner tests Algerian crude oil to diversify supply

Sri Lanka’s state petroleum company is testing a crude oil from Algeria to widen supply sources for its refinery ...

October 24, 2018 2 min read

New Sri Lanka seismic survey ahead of 2019 oil exploration bid round

ECONOMYNEXT – The Sri Lankan government Monday began a new seismic survey for oil and gas deposits in the Mannar ...

October 23, 2018 2 min read

Sri Lanka to call for bids to develop Mannar Basin natural gas find

ECONOMYNEXT – The Sri Lankan government will soon call for bids to develop an offshore natural gas deposit in the...

October 22, 2018 1 min read

Sri Lanka rejects request for LPG price hike

ECONOMYNEXT – Sri Lanka’s Commerce Ministry said it has rejected a request by Litro Gas Lanka (LGL), the b...

October 18, 2018 2 min read

Sri Lanka green energy project gets 30 million euros French loan

ECONOMYNEXT – Sri Lanka will get 30 million euros from France for a project to cut transmission losses at state u...

October 18, 2018 1 min read
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US Dollar 332.3603 330.8514
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Sri Lanka seeks joint venture with Indian Oil unit for Trinco oil tanks

ECONOMYNEXT – Sri Lanka’s state-owned petroleum refiner and retailer will jointly develop an unused oil ta...

October 17, 2018 1 min read

Sri Lanka seeks seismic data from Soviet-era petroleum study

Sri Lanka is seeking off-shore seismic data from a Soviet-era study conducted over four decades ago, the island's missio...

October 11, 2018 3 min read

Sri Lanka hikes fuel prices, petrol Rs155 a litre

ECONOMYNEXT – Prices of petrol and a grade of diesel will be increased from midnight Wednesday, Sri Lanka’...

October 10, 2018 1 min read

Sri Lanka’s power utility retains 'AAA(lka)' rating, no tariff hike seen

ECONOMYNEXT - Fitch Ratings said it has confirmed the Sri Lankan state power utility’s long-term rating at 'AAA(l...

October 9, 2018 5 min read

Sri Lanka’s power utility in joint venture for Hambantota port LNG plant

ECONOMYNEXT – Sri Lanka’s state-run Ceylon Electricity Board is to enter into a joint venture with Singapo...

October 3, 2018 1 min read

Sri Lanka’s Laugfs Gas in partnership with Chinese Hambantota Port operator

ECONOMYNEXT – Sri Lanka’s Laugfs Gas said it has struck a partnership with the Chinese operator of Hambant...

October 3, 2018 2 min read

Tea price fall, delays stymie Sri Lanka estate hydro power scheme

ECONOMYNEXT – An Asian Development Bank-funded scheme to revive hydro-power schemes on Sri Lankan tea estates fai...

September 28, 2018 2 min read

Sri Lanka gives nod for 500MW LNG plant with India

Sri Lanka's cabinet of ministers had given approval for a joint venture agreement to be signed between India's National...

September 19, 2018 1 min read

US$50mn from ADB for rooftop solar loans through Sri Lankan banks

ECONOMYNEXT – The Asian Development Bank (ADB) has given Sri Lanka 50 million US dollars (eight billion rupees) f...

September 18, 2018 2 min read

Laugfs, ExxonMobil grab Sri Lanka lube market share in 2018 1Q

ExxonMobil and Laugfs has gained lubricant market share in Sri Lanka the first quarter of 2018 from a year earlier, but ...

September 13, 2018 2 min read