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Friday November 13th, 2026
Energy

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.

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's CPC reduces Octane 95, super diesel prices by 6 rupees

Cabinet spokesman last month said the new govt is using a different method from usual price formula

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
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

CMEC to build 400 MW LNG power plant, terminal in Sri Lanka

ECONOMYNEXT – China Machinery Engineering Corporation is to build a 400MW natural gas power plant in Sri Lankaâ�...

December 6, 2017 1 min read

Sri Lanka tests 25MW Moragahakanda hydropower plant

Sri Lanka has begun test runs on a 25 MegaWatt hydropower plant in Moragahakanda after heavy rains filled a newly built ...

December 3, 2017 1 min read

Sri Lanka to build extra tanks after petrol fiasco

ECONOMYNEXT - Sri Lanka's state-run petroleum distributor has awarded a deal to Indo East Engineering Construction (Lank...

November 23, 2017 1 min read

Pay hike for workers at Sri Lanka’s loss-making state fuel retailer

ECONOMYNEXT – Minister of Petroleum Resources Development Arjuna Ranatunga has given a pay hike to workers in Sri...

November 23, 2017 2 min read

Sri Lanka rupee depreciation hits petroleum retailer

ECONOMYNEXT - Depreciation of Sri Lanka's rupee in 2017, generated an exchange loss of Rs7.0 billion at state-run Ceylon...

November 22, 2017 2 min read

Sri Lanka to test fuel before shipment, build more storage tanks

ECONOMYNEXT – Sri Lanka will test fuel before it is imported and build more storage tanks to expand capacity and ...

November 20, 2017 2 min read

Sri Lanka’s regulator mulls ‘alternative structure’ to expand power generation

ECONOMYNEXT – Sri Lanka’s energy regulator has said it will look at an ‘alternative structure�...

November 20, 2017 1 min read

No fuel shortage, Sri Lanka’s petroleum ministry says

ECONOMYNEXT – Sri Lanka’s Petroleum Resources Ministry said the state-owned refiner and petroleum retailer...

November 20, 2017 1 min read

Sri Lanka’s Laugfs Gas returns to profit in Sept quarter

ECONOMYNEXT – Sri Lanka’s Laugfs Gas group returned to profit in the September 2017 quarter with net earni...

November 16, 2017 2 min read

Petroleum sales to Sri Lanka’s power sector up 40-pct in first 8 months

ECONOMYNEXT – Sri Lanka’s domestic petroleum sales increased sharply in the first eight months of 2017 mai...

November 9, 2017 1 min read