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Friday November 13th, 2026
Energy

Sri Lanka's CPC import premiums fall, saving $300mn a year: Minister

Premium on auto diesel was down to $5.78 from $12.19

July 25, 2023 2 min read

Sri Lanka IOC unit profits down in June quarter

The firm reported earnings of 4.59 rupees per share for the quarter.

July 25, 2023 1 min read

First shipment of Sinopec fuel to arrive in Sri Lanka in first week of August: official

Power & Energy Minister Kanchana Wijesekara had said earlier that the shipment would arrive end-July.

July 24, 2023 1 min read

Sri Lanka to set maximum retail price for fuel after new players: Minister

If one company reduces the price, and others follow, there will be a big benefit

July 24, 2023 1 min read
Sri Lanka appoints committee to review Electricity Act

Committee made up of CEB, Institute of Engineers and academic representatives

Sri Lanka awards Murban crude deal to Aditya Birla Singapore

Bids were called by the State-owned Ceylon Petroleum Corporation from registered suppliers, and 6 bids were received.

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
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Sri Lankan coal power plant fly ash for brick production

ECONOMYNEXT – Fly ash from Sri Lanka’s Norochcholai power plant burning coal to generate electricity will ...

September 12, 2018 1 min read

Sri Lanka to license more lube brands with entry barriers

Sri Lanka has invited more players to import, export and blend lubricants in a new licensing round with several entry ba...

September 11, 2018 3 min read

Sri Lanka petrol hiked to Rs149, diesel Rs123

ECONOMYNEXT - Sri Lanka will raise fuel prices from midnight Monday, 10 September with the price of 92 Octane petrol ris...

September 10, 2018 2 min read

Sri Lanka mulls more offshore seismic surveys for oil

ECONOMYNEXT – Sri Lankan authorities are considering more offshore seismic surveys in the search for oil and gas ...

September 4, 2018 1 min read

Schlumberger unit begins seismic surveys in Sri Lanka's North East seas

Eastern Echo DMCC, a unit of oil services group Shlumberger and Total of France has begun a seismic survey in the seas o...

September 2, 2018 1 min read

Sri Lanka's Laugfs Gas loss narrows further in June quarter

ECONOMYNEXT – Sri Lanka's Laugfs Gas Plc has managed to narrow losses in the June 2018 quarter to Rs247 million f...

August 16, 2018 2 min read

Gulf Petrochem gets Sri Lanka refined petroleum products deal

ECONOMYNEXT – Gulf Petrochem FZC of the United Arab Emirates is to be given contracts for supplying refined petro...

August 15, 2018 1 min read

Sri Lanka petrol, diesel prices unchanged in August, premium fuels up

Sri Lanka's 92-Octane standard petrol will be held at 145 rupees a litre and auto diesel at 118 rupees, but premium fuel...

August 10, 2018 1 min read

Indian Oil’s Sri Lanka unit back in profit in June quarter

ECONOMYNEXT – The Sri Lankan unit of Indian Oil Corporation (IOC) returned to profit in the June 2018 quarter wit...

August 6, 2018 1 min read

Sri Lanka to call for oil exploration bids in Mannar, Cauvery basins

ECONOMYNEXT – Sri Lanka’s government is to invite international oil and gas multinational companies to exp...

August 1, 2018 1 min read