An Echelon Media Company
Sunday December 10th, 2023
All Sections
Notable
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."
Admin measures usually could include rate ceilings
Lanka Industrial Kerosene will be cut by 60 rupees a litre to 270 rupees.
KIAT will give a grant of 5.2 million dollars to the Sustainable Energy Authority in order to build the projects.
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."
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
| 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 | - | - |
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.
CEB had requested 7 hours
Sri Lanka has received a 40,000 metric tonne diesel consignment under a 500 million dollar Indian credit line
The distribution is expected to start from this evening
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 use cookies to help us improve and customize your experience. Learn more about how we use cookies in our cookie policy.
Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 1/1/20) and Privacy Policy and Cookie Statement (updated 1/1/20). Your California Privacy Rights. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Condé Nast. Ad Choices.
Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
© 2023 Echelon Media (PVT) Ltd. All Rights Reserved
1 min read