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Friday January 21st, 2022
Energy

Sri Lanka power, lube regulator starts online complaint resolution process

The Public Utilities Commission of Sri Lanka said it had started an online complaints resolution process for electricity...

3 min read

Sri Lanka fuel stabilization fund has not grown as expected: Minister

A fuel price stabilization fund which was to collect 200 billion rupees in 2020 as global prices fell has not grows as e...

3 min read

Sri Lanka's Laugfs Holdings appoints Piyadasa Kudabalage as chief executive

Sri Lanka's LAUGFS Holdings, which has interests in liquefied petroleum gas, lubricants, renewable energy, retailing, ex...

3 min read

US oil prices jumps to $13 a from minus $40 as storage ran out

US oil prices surged Wednesday after a turbulent start to the week that saw them fall below zero for the first time due ...

3 min read

Sri Lanka renewable power competitive tenders stuck for 10 months without ministerial nod

Competitive tendering has sharply brought down costs, compared to controversial feed-in tariffs

Sri Lanka's Consumer Affairs Authority triggers LPG panic buying with price controls

Daily demand rises close to 100,000 from an earlier 90,000 cylinders

Sri Lanka state oil refiner recovering dues from airline, power utility

ECONOMYNEXT - The Ceylon Petroleum Corporation (CPC), Sri Lanka’s state-run refiner, has begun recovering money o...

1 min read

Sri Lanka's Laugfs LPG distributor calls for price formula

Sri Lanka's Laugfs Gas called for a fair and transparent pricing mechanism for liquefied petroleum gas, after a sufferin...

2 min read

Sri Lanka's CEB commissions new system controls centre

Sri Lanka's President Maithriplala Sirisensa officially commissioned state-run Ceylon Electricity Board's a new system c...

1 min read

Sri Lanka kerosene subsidy to outboard motor boats, 47,000 off-grid houses

A subsidy for kerosene will only be paid to houses without electricity and owners of fishing boats with outboard motors,...

1 min read

Power fails in Sri Lanka's capital as CEB work-to-rule begins to bite

Sri Lanka's administrative capital of Sri Jayewardenepura was gripped by an extended power failure Tuesday morning amid ...

1 min read

Sri Lanka's richest 10-pct consume 31-pct of fuel

Sri Lanka's richest 10 percent of households consumes 31 percent of the fuel used in the country, based on the latest ho...

2 min read

Sri Lanka furnace oil prices unchanged

ECONOMYNEXT - Sri Lanka’s state-owned refinery, Ceylon Petroleum Corporation, has not raised the price of furnace...

1 min read

Sri Lanka to re-price fuel every two months on formula

Sri Lanka will re-price fuel every two months with a formula using Platts Singapore benchmark prices, but the prices are...

2 min read

Sri Lanka to raise fuel prices from today, petrol Rs137

Sri Lanka is raising petrol (92 Octane) to 137 rupees a litre and auto diesel to 119 a litre, Cabinet Spokesman Rajitha ...

2 min read

Sri Lanka approves plans for three LNG power plants

ECONOMYNEXT – The Sri Lankan government has approved plans to set up three liquefied natural gas (LNG) power plan...

1 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 201.0530 201.9442
UK Pound 273.9247 274.7249
Euro 228.2856 228.6917
Aus Dollar 145.4317 145.2585
Yen 1.7595 1.7610
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7009 2.7080
Korea Won 0.1687 0.1694
Oman Rial 522.2088 524.5236
Saudi Riyal 53.5941 53.8245
UAE Dirham 54.7373 54.9800
Source: Central Bank/Indicative
pts %
S&P SL20 4,623.95 0.12%
CSE All Share 13,462.39 0.04%
Turnover Rs million. 2,191,558,044.10 5,566,542,126
Source: CSE
Latest Last
3-m bill 7.91 7.84
6-m bill 8.18 8.12
12-m bill 8.37 8.29
5-yr bond 10.93 10.69
8-yr bond 10.93 11.52
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.93 5.99
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka cabinet approves formula pricing of fuel

ECONOMYNEXT - Sri Lanka's cabinet has approved pricing fuel by formula, Science and Technology Minister Sarath Amunugama...

1 min read

Sri Lanka state refiner mulls investments amid energy policy changes

ECONOMYNEXT - The Ceylon Petroleum Corporation (CPC), Sri Lanka’s state-run refiner, says more clarity on governm...

3 min read

Sri Lanka IOC unit losses fall in March 2018 quarter

Losses at Indian Oil Corporation's Sri Lanka unit, Lanka IOC Plc, contracted 84 percent from a year earlier to 103.4 mil...

2 min read

Sri Lanka's CEB engineers to work-to-rule from May 08

Engineers at state-run Ceylon Electricity Board has said they will go ahead with a work-to-rule campaign which may lead ...

2 min read

Sri Lanka to bring coal power back, optimal mix required: Central Bank

Sri Lanka's power ministry has proposed to bring back coal plants to the energy mix in a bid to lower long term generati...

3 min read

Sri Lanka's Chevron Lubricants revenue, profits slide continues to 2018

Sri Lanka's Chevron Lubricants profits fell 15 percent to 697 million rupees in the March 2018 quarter from a year earli...

1 min read

Sri Lanka 300MW diesel IPP delayed after appeals: report

The award of a contract to build a 300MegaWatt dual fuel power plant on a 20-year power purchase agreement to Sri Lanka-...

1 min read

Sri Lanka's CEB short term debt soar to Rs138bn in 2017

Sri Lanka's state-run Ceylon Electricity Board's short term debt has soared 50 percent to 138 billion rupees, as the uti...

1 min read

ABB India wins Rs1.4bn Sri Lanka power substation deal

ABB India Limited has a won 1.434.11 million rupee deal to improve and build a grid substation for Sri Lanka's state-run...

1 min read

Sri Lanka LP gas prices hiked 17-pct

Sri Lanka has raised the price of domestic liquefied gas by 17 percent to 1,676 rupees for a 12.5 kilogram cylinder, as ...

1 min read