An Echelon Media Company
Friday November 13th, 2026
Energy

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 kerosene use rockets amid subsidies

Kerosene mis-pricing has led to its mis-use in diesel engines

Sri Lanka CEB opts for reforms without privatization under new government

JVP-affiliated trade unions strongly opposed the latest IMF-advised reforms presented by the previous government

Sri Lankan President to visit New Delhi for 'Solar Summit'

ECONOMYNEXT – Sri Lankan President Maithripala Sirisena will visit India in March for an international conference...

February 23, 2018 2 min read

Sri Lanka’s Laugfs Gas back in the red in December quarter

ECONOMYNEXT – Sri Lanka’s Laugfs Gas group slipped back in to the red in the December 2017 quarter with lo...

February 17, 2018 1 min read

India firm says setting up Sri Lanka LNG terminal amid take-or-pay controversy

ECONOMYNEXT - India's Petronet is planning to sign a deal with Sri Lanka to build a floating liquefied natural gas termi...

February 14, 2018 2 min read

Sri Lanka's Chevron Lubricant unit revenues slide, profit down

Profits at Chevron Lubricants Lanka Plc, a unit of Chevron, fell 21 percent from a year earlier to 549 million rupees in...

February 2, 2018 1 min read

Sri Lanka to supply cleaner aviation fuel with new filtration unit

ECONOMYNEXT – Sri Lanka’s Ceylon Petroleum Storage Terminal (CPSTL) has commissioned an aviation fuel filt...

January 25, 2018 1 min read

Sri Lanka in muddle after encouraging kerosene mis-use with subsidy

Steep price cuts of Kerosene (paraffin) by ex-Finance Minister Ravi Karunayake has encouraged adulteration of more expen...

January 22, 2018 2 min read

ADB aid for Sri Lanka power system reliability study

ECONOMYNEXT – The Asian Development Bank is giving Sri Lanka grant aid to hire two consulting firms to study and ...

January 16, 2018 2 min read

Sri Lanka trying to outsource LNG purchases to one company for 20-years: report

Sri Lanka's current administration is attempting to give a deal to purchase up to a million tonnes of liquefied natural ...

January 14, 2018 3 min read

Sri Lanka’s Laugfs Gas says port terminal issues being resolved

ECONOMYNEXT – Sri Lanka’s Laugfs Gas said it was holding talks with the new Chinese operator of Hambantota...

January 11, 2018 1 min read

Sri Lanka’s Laugfs, Sanken get coal yard wind barrier deal

ECONOMYNEXT – Sri Lanka’s Laugfs Engineering (Pvt) Ltd. and Sanken Construction have won a contract to bui...

January 10, 2018 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
Saudi Riyal 88.5586 88.0955
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 LVL Energy Sept quarter net profit down 12-pct

ECONOMYNEXT - Sri Lanka’s LVL Energy Fund, which debuted on the Colombo bourse Tuesday, reported group net profit...

January 10, 2018 1 min read

Sri Lanka cuts import tax on fuel, encourages carcinogenic diesel

Sri Lanka has cut import duties on fuel, bringing taxes on diesel, which has been linked with cancer to a new low of onl...

January 6, 2018 2 min read

Sri Lanka's CPC refinery manager promoted as MD

Sri Lanka's petroleum ministry said Neil Jayasekara, a long serving career officer of Ceylon Petroleum Corporation has b...

December 27, 2017 1 min read

Sri Lanka starts building new fuel storage tanks

ECONOMYNEXT – Sri Lanka’s state-owned petroleum refiner Ceylon Petroleum Corporation Friday began building...

December 22, 2017 1 min read

CMEC gets Sri Lanka coal power maintenance contract

ECONOMYNEXT – The Sri Lankan government had awarded a maintenance contract for its coal power station at Norochch...

December 21, 2017 1 min read

Sri Lanka awards contracts for 60 small solar power plants

ECONOMYNEXT – The Sri Lankan government had awarded contracts for investors to build 20 small scale solar power p...

December 21, 2017 1 min read

Sri Lanka buys aviation fuel from LIOC to meet rising demand

ECONOMYNEXT – Sri Lanka’s state-owned refiner Ceylon petroleum Corporation has bought 14,000 metric tonnes...

December 19, 2017 1 min read

Siemens, Ceylex win Sri Lanka electricity grid contracts

ECONOMYNEXT – Siemens and Ceylex Engineering (Pvt) Ltd. have won contracts from Sri Lanka’s state power ut...

December 15, 2017 1 min read

Demand for ‘green skills’ growing in Sri Lanka energy sector

ECONOMYNEXT – With Sri Lanka’s emphasis on increasing reliance on renewable energy, demand for ‘gree...

December 12, 2017 1 min read

Sri Lanka should renegotiate unfair private power deals

ECONOMYNEXT – Sri Lanka should renegotiate better terms for private power purchase (PPPs) agreements done at a ti...

December 11, 2017 2 min read