An Echelon Media Company
Wednesday June 29th, 2022

Sri Lanka to release fuel for essential services only: cabinet

Minister Gunawardena requested the public to limit nonessential travel and use fuel sparingly.

June 27, 2022 1 min read

Sri Lanka's private buses en route to grinding halt as fuel crisis deepens

“Even today fewer than 10 per cent of buses are running. Drivers are on strike because they have no fuel."

June 27, 2022 2 min read

Sri Lanka' CPC may need Treasury's help to repay India's $700 mln - minister

Sri Lanka has totally dependent on India for its fuel requirement from March to mid June.

June 27, 2022 2 min read

India's fresh $500 mln fuel credit to Sri Lanka delayed over routine administration - minister

The last shipment under Indian credit line arrived in on June 16. There has been no shipment since then

June 27, 2022 2 min read
Sri Lanka central bank to give payment plan for oil supplier arrears: Presidents office

Oil agents asks Central Bank, Treasury to deal directly with principals

Sri Lanka to order exporters, embassies, hotels to pay electricity bills in dollars

Companies with more than 60-pct dollar revenues will have to pay bills in dollars

Sri Lanka petrol shipment delays by another day - Minister

"Limited amount of Petrol to be distributed today (23) and tomorrow (24) islandwide."

June 23, 2022 1 min read

Sri Lanka to maintain 2.5 hour power cut until Norochcholai fully operates

Before Norochcholai shutdown, power cut duration came down to 1 hour in mid June from 13 hours in March

June 22, 2022 1 min read

Sri Lanka announces up to 3 hour power cuts from June 22-23

Power cuts are not imposed in morning hours due to online classes in state schools.

June 21, 2022 1 min read

Sri Lanka schedules 2 hours 30 minutes for June 20, June 21

Power cuts starts from 1200noon

June 19, 2022 1 min read

Sri Lanka tanker truck owners say they also wait for hours to get fuel

Tankers have to wait for 5 hours to get diesel

June 19, 2022 2 min read

Sri Lanka makes contact with nominated Russia oil firms: Minister

I have the replies from the Russian companies which were suggested by the Russian Ambassador

Chanka Jayasinghe
June 19, 2022 3 min read

Sri Lanka energy minister suspends 3 fuel bowsers after viral social media video  

Sri Lanka sees one of its worst fuel crisis due to dollar shortage.

June 18, 2022 1 min read

Sri Lanka sees signs of fuel riots as motorists wait for days in queues

Sri Lanka motorists demand fuel as shortage has limited fuel supply.

June 18, 2022 3 min read

Sri Lanka protesters oppose Indian Adani's USD 500 mn unsolicited wind power deal

Some of the protesters said India should not use Sri Lanka's vulnerable position to take advantage in business deals.

Neshella Perera
June 17, 2022 3 min read

Sri Lanka to experience power cuts for three more years, warns CEB engineers union

The present demand is around 2,800 mega watts (MW) per day.

Chanka Jayasinghe
June 15, 2022 4 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 367.2255 367.4039
UK Pound 452.1949 452.7893
Euro 389.8785 389.4918
Aus Dollar 256.3767 256.4772
Yen 2.7277 2.7394
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.5882 4.6034
Korea Won 0.2797 0.2807
Oman Rial 934.7931 935.8320
Saudi Riyal 95.8864 95.9981
UAE Dirham 97.9826 98.0915
Source: Central Bank/Indicative
pts %
S&P SL20 2,336.44 -1.88%
CSE All Share 7,451.91 -1.87%
Turnover Rs million 815,332,807 1,423,365,059
Source: CSE
Latest Last
3-m bill 19.88 19.95
6-m bill 20.76 20.17
12-m bill 21.12 21.81
5-yr bond 19.79 19.87
8-yr bond 20.46 20.14
Source: Central Bank/Indicative
today yesterday
Overnight Money 14.50 14.50
Gilt Repo 14.50 14.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka CEB ex chair's letter to be tabled for discussion at next COPE meeting

Herath said he will table the letter, dated June 11, for discussion at the next COPE meeting.

June 15, 2022 2 min read

Sri Lanka to supply only half the fuel demand in the near future: PM

Next fuel ships on May 16, two more ships expected in the month

June 14, 2022 2 min read

Sri Lanka CEB chairman resigns after Adani deal revelations

After a recent change to the CEB law deals can be made without competitive tender Adani project

June 13, 2022 2 min read

Sri Lanka legislator raises shocking questions over Adani power deal

Ending tendering by changing the law has created space to buy power

June 13, 2022 2 min read

Sri Lanka's Adani power deal sans tendering strikes sparks in India politics

BJP’s cronyism has now crossed Palk Strait and moved into Sri Lanka

June 13, 2022 1 min read

Sri Lanka to issue fuel 'quotas' in rationing plan: Minister

I hope to have this system in place by the 1st week of July

June 13, 2022 2 min read

Sri Lanka's CEB chief under fire over contradictory statements to COPE

CEB Chairman Ferdinando withdraws statement to parliament

June 13, 2022 1 min read

Sri Lanka President denies influence as Adani controversy hots up

The President vehemently denied the statement made by the Chairman of the Ceylon Electricity Board

June 12, 2022 1 min read

Sri Lanka's power cuts to last up to 5-years without renewables PUCSL claims

The island can continue with 3-hour power cuts till December this year with the existing resources

Dulya de Silva
June 12, 2022 2 min read

Sri Lanka announces up to 2 hours 15 mins power cuts from June 13-19

One hour power cuts on June 14 and June 19

June 11, 2022 1 min read