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Saturday December 3rd, 2022

Sri Lanka cabinet clears CEB re-structure proposal: Minister

Electricity Reforms Bill will be drafted within a month

November 29, 2022 1 min read

Sri Lanka power tariff revisions in Jan and July sought: Minister

If after raising prices in January, costs fall in July due to renewables, then we can lower the price

November 27, 2022 3 min read

Sri Lanka's PUCSL failed in power regulation for 9 years: Minister

It is after nine years that the prices were revised

November 25, 2022 2 min read

Sri Lanka looking to purchase Russian oil at discounted pricing: foreign minister

“As our president put it, when the elephants fight, it’s the grass that gets trampled."

November 24, 2022 3 min read
Sri Lanka electricity losses from overpriced fuel, no tariff hike considered: regulator

They are paying about 385 plus rupees per litre for furnace oil

Sri Lanka power cuts extended on low water levels

Water levels down, fuel costs up

Sri Lanka reduces power cut duration for 1 hour in long weekend 

But the 2 hour power cut will return from Tuesday.

Roshani Fernando
November 4, 2022 1 min read

No fuel price revisions in November, says Sri Lanka energy minister

"Non placement of orders by dealers anticipating a price reduction has led to fuel stations drying up," Wijesekera said.

Chanka Jayasinghe
November 3, 2022 1 min read

Sri Lanka's Trinco Petroleum Terminal to invest up to US$70mn in tank farm

Some tanks could also be used for ship bunkers

November 2, 2022 2 min read

Sri Lanka’s IOC unit reports Rs12.3 bn in Sept 2022 profits

Fuel price hike, forex-shortage led long fuel queues help boost LIOC's profits

October 28, 2022 2 min read

Sri Lanka's CEB to charge additional 2.5 pct of social security contribution levy

Opposition legislator Harsha de Silva has called the social security contribution levy a travesty.

Chanka Jayasinghe
October 27, 2022 1 min read

Sri Lanka transport minister says public can force tuk-tuk fare drop

"The government should step in and set a rate, but instead they are making obnoxious statements."

Chanka Jayasinghe and Neshella Perera
October 27, 2022 3 min read

Sri Lanka renewable energy sector may go to court over unsettled CEB arrears

The CEB had 10 months worth of arrears totaling 35.18 billion rupees dating back to October 2021.

Mahadiya Hamza and Neshella Perera
October 27, 2022 2 min read

Sri Lanka president approves proposal to increase tuktuk petrol quota to 10 litres

The first phase will commence in the Western province, the PMD said.

Mahadiya Hamza
October 24, 2022 1 min read

Sri Lanka's state-run Litro Gas to settle World Bank loan by December

"World Bank lent 70 million USD to solve our LPG problem. Now we are returning that money to Treasury in rupees."

Mahadiya Hamza
October 24, 2022 1 min read

Sri Lanka petro firms should be regulated by PUCSL, not committee under minister: MPs

"There will be no independent regulation if the sector is overseen by a committee under the Minister."

October 24, 2022 2 min read
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Sri Lanka gets 6000MW of renewable energy proposals as competitive bidding ends

About 1500MW could be added over 2 years,

October 23, 2022 2 min read

Sri Lanka to allow airlines to import own fuel amid currency crisis

We will give our storage facilities and pipelines for a fee.

October 22, 2022 1 min read

Sri Lanka schedules power cuts of 1 hour 20 mins for October 22

Weekend power cuts reduced with rain

October 21, 2022 1 min read

Sri Lanka owes US$751mn to oil suppliers: Minister

Sri Lanka's state-run Ceylon Petroleum Corporation has a habit of getting oil on credit and paying later

October 19, 2022 1 min read

Sri Lanka parliament nod to liberalize petroleum sector amid protests 

The move could allow investors to enter into petroleum products

October 18, 2022 2 min read

Sri Lanka's state-run CEB anticipates 152bn loss over next four months: energy minister

In the first eight months of 2022, the CEB incurred a loss of 108.6 billion rupees.

Mahadiya Hamza
October 18, 2022 1 min read

Sri Lanka petroleum reforms not aimed at worker layoff: energy minister

"But the recruitment process must change."

October 18, 2022 2 min read

Sri Lanka looking to increase petrol quota for tuktuks: energy minister

"We have given permission to provincial offices to identify [commercial] threewheeler taxis in their respective area."

Mahadiya Hamza
October 18, 2022 1 min read

Sri Lanka schedules 2 hour 20 mins power cuts from Oct 18-21

Group A-W will have 1 hour and 20 minutes power cut during the night.

October 17, 2022 1 min read

Sri Lanka revises fuel prices again; Petrol 92 down by 40 rupees

Auto Diesel is reduced by 15 rupees per and the new price is 415 per liter.

October 17, 2022 1 min read