Notable
"A necessary deterrent against a looming supply crunch "
The gas price increase follows Monday’s increase in fuel costs.
Sri Lanka has already raised fuel prices over soaring global oil prices after U.S./Israel's attack on Iran
Sri Lanka officials had said petrol and diesel stocks were adequate, before global oil prices surged more than 20 percen
Around 499.66 million rupees, (excluding VAT)
IMF has urged Sri Lanka to reflect cost-recovery pricing in fuel and energy
Several countries have offered to support Sri Lanka on nuclear energy
Not all dealers are involved in the proces - CPC Chairman says
“This investment adds a reliable fuel provider to the market.”
Power purchase agreement signed for a 9.08 MW solar photovoltaic (PV) installation
CEB aims to secure long-term funding from international agencies to minimize impacts on electricity tariffs
MOU for coal power plant was signed in 2006.
Power outages results in more households turning to traditional stoves using firewood and kerosene, as back-up
The disturbance resulted in an imbalance between generation and demand, leading to cascading disconnections
Adani Group withdrew from its projects last week after the new government wanted to revise down prices.
Demand management measures, or power cuts, no longer necessary
| 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 |
| 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 |
| 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 |
| 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 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
New government has vowed to review Adani project due to high tariff
Sapugaskanda refinery was built in 1969 to refine Iran light crude
.Very Low Sulphur Fuel Oil (VLSFO) and Marine Gas Oil (MGO/MDO) already available
The power cuts will start around 1530 pm and end at 1000 pm in four separate time slots of 90 minutes each.
They don't have flexibility to control because they have limited inertia
Taking large power plants off the grid reduces system stability
Sri Lanka's power grid lacks stability, due to lack if ability to handle large volumes of rootfop solar
United Petroleum, Sinopec and RM Parks were given distribution rights amid a currency crisis
Competitive bidding to reduce costs
Murban is considered as the next best alternative to Iranian light crude
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