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Sunday February 5th, 2023
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Government has already increased tariffs by over 50% in 2022
Their target is to earn 100 billion rupees from all citizens that uses less than 120 units in 2023
"Parties that came for tenders and put bids can no longer proceed on the basis of tenders."
CEB would need liquid fuel of Rs35bn before coal in January
Sri Lankans face around 65% tariff hike on top of a similar price hike last year
Sri Lanka sees new anti-government protest amid high cost of living, taxes
Amid currency collapse
Both diesel and kerosene had been sold at a loss before the price hike
Sri Lanka has faced short supply of coal
A 12.5kg cylinder price will be raised by Rs80 to Rs4,360
But the 2 hour power cut will return from Tuesday.
"Non placement of orders by dealers anticipating a price reduction has led to fuel stations drying up," Wijesekera said.
Some tanks could also be used for ship bunkers
Fuel price hike, forex-shortage led long fuel queues help boost LIOC's profits
| Latest | Last | |
|---|---|---|
| US Dollar | 371.7127 | 371.6601 |
| UK Pound | 453.5962 | 453.9794 |
| Euro | 396.3156 | 396.4763 |
| Aus Dollar | 250.1862 | 251.1981 |
| Yen | 2.8251 | 2.7549 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 4.3961 | 4.3963 |
| Korea Won | 0.2820 | 0.2791 |
| Oman Rial | 943.2237 | 943.2268 |
| Saudi Riyal | 96.7270 | 96.7115 |
| UAE Dirham | 98.8729 | 98.8786 |
| pts | % | |
|---|---|---|
| S&P SL20 | 2,653.84 | -1.51% |
| CSE All Share | 8,420.26 | -1.04% |
| Turnover Rs million | 4,621,153,484 | 2,824,714,520 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 31.03 | 31.03 |
| 6-m bill | 29.57 | 29.60 |
| 12-m bill | 28.41 | 28.41 |
| 5-yr bond | 27.49 | 27.57 |
| 8-yr bond | 27.44 | 27.23 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 15.50 | 15.50 |
| Gilt Repo | 15.50 | 15.50 |
| I-m SLIBOR | - | - |
Opposition legislator Harsha de Silva has called the social security contribution levy a travesty.
"The government should step in and set a rate, but instead they are making obnoxious statements."
The CEB had 10 months worth of arrears totaling 35.18 billion rupees dating back to October 2021.
The first phase will commence in the Western province, the PMD said.
"World Bank lent 70 million USD to solve our LPG problem. Now we are returning that money to Treasury in rupees."
"There will be no independent regulation if the sector is overseen by a committee under the Minister."
About 1500MW could be added over 2 years,
We will give our storage facilities and pipelines for a fee.
Weekend power cuts reduced with rain
Sri Lanka's state-run Ceylon Petroleum Corporation has a habit of getting oil on credit and paying later
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