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Sunday December 3rd, 2023
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Electricity Reforms Bill will be drafted within a month
If after raising prices in January, costs fall in July due to renewables, then we can lower the price
It is after nine years that the prices were revised
“As our president put it, when the elephants fight, it’s the grass that gets trampled."
KIAT will give a grant of 5.2 million dollars to the Sustainable Energy Authority in order to build the projects.
The new ration will be effetive from midnight May 31.
Octane 92 price up to 338 rupees a litre while auto diesel prices raised by 64.2-pct to 289 rupees
2 hours in the day time and 1 hour 20 minutes in the night
Latest hike will see price of Octane 92 rising 11.6% to record 338 rupees a litre, auto diesel by 35% to 289 rupees
3 hours in the day time and 1 hour and 20 minutes in the evening
If the coal ships leave if no payment made next week, coal plant may shut in May
The move comes three days after Sri Lanka declared "preemptive default" on its foreign loans
This measure was also to channel the saved fuel to supply uninterrupted power during the Sinhala-Tamil new year
CPC is losing 110 rupees per litre of diesel sold and 52 rupees for a litre of petrol
The power cuts to be reduced due to enough availability of fuel, coal, and water
"We are now spending 128 US dollar per barrel of diesel and 121 US dollars for petrol."
| 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 | - | - |
By end April about 375 to 400 million from the credit line would be used
Sri Lanka still face fuel shortage and motorists are forced to wait hours
Sri Lanka's power cut duration reduced after receiving diesel via Indian fuel credit line
"Our plants still do not have adequate fuel supply to run fully."
Around 60 percent of the fuel credit has been already used
"I was within and outside the cabinet telling that we should have gone to the IMF a year ago."
Therefore the Commission expects your intervention in securing a diesel stock of 37,000 Metric tonnes
The power utility provider last week pledged to reduce the power cut duration to below 4 hours
A 13-hour power cuts prevailed last week, but the duration is shortened after Indian fuel shipments arrived in.
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