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Wednesday September 27th, 2023
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September tourist arrivals have plunged to lowest in 11 months.
CPC trade unions oppose the move citing that the government is privatizing the state-run firm
This will be the third time Litro gas has reduced prices in the last three months.
The rupee fell from 200 to 360 to the US dollar in 2022 pushing up construction costs
A roadmap and timeline will be submitted to the cabinet of ministers on the matter, said Wijesekara.
The CEB move has mainly burdened lower unit consuming users, the official CEB data showed.
Private bus and school van operators have threatened to stop services if diesel shortages continue
Saturday's power cut duration has declined to 8.5 hours from Friday's 12 hours
The regulator says relevant authorities have failed to take advice given since 2016
Power cut duration has been extended mainly due to lack of fuel amid severe shortage of US dollars for imports.
We can reduce power cuts to some extent after that
Litro imports gas on one month credit
The CEB increases the duration of power cuts
Sri Lanka faces grim reality of the dollar shortage-led fuel, power crisis
Customers adapt. But 10 hour power cuts will not leave room
Power cut duration has been increased to 10 hours from Wednesday
| Latest | Last | |
|---|---|---|
| US Dollar | 330.2942 | 315.1016 |
| UK Pound | 429.0139 | 401.1871 |
| Euro | 372.1704 | 343.1959 |
| Aus Dollar | 227.2526 | 211.5951 |
| Yen | 2.3820 | 2.1908 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.6453 | 3.5932 |
| Korea Won | 0.2342 | 0.2292 |
| Oman Rial | 780.3569 | 769.4973 |
| Saudi Riyal | 80.1114 | 78.9849 |
| UAE Dirham | 81.7952 | 80.6569 |
| pts | % | |
|---|---|---|
| S&P SL20 | 2,573.80 | 1.00% |
| CSE All Share | 9,073.41 | 0.65% |
| Turnover Rs million | 1,591,766,524.95 | 1,029,335,694.32 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 21.72 | 21.79 |
| 6-m bill | 19.55 | 20.31 |
| 12-m bill | 17.72 | 19.28 |
| 5-yr bond | 21.00 | 22.53 |
| 8-yr bond | 19.42 | 20.55 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 13.93 | 14.00 |
| Gilt Repo | 13.50 | 14.00 |
| I-m SLIBOR | - | - |
State banks heavily exposed to energy utilities
Sri Lanka is facing extended power cuts due to lack of fuel imports and drought.
The lack of fuel also has resulted in large queues for diesel and petrol despite record price hikes
"The fuel issue is being addressed now. We believe that in the coming days the over-consumption will end," he added.
Power demand up as price increase delayed
Sri Lanka is facing daily scheduled power outages as a result of an ongoing forex shortage.
"We also have one million metric tons of coal which is enough for the next four to five months."
Areas ABCDEFGHIJKL will have power cuts 5 hours
Due to lack of fuel, the Kerewalapitiya power plant had to be shut down from Thursday (24) onwards.
Munasinghe said petrol burns are more severe than kerosene burns.
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