An Echelon Media Company
Sunday December 3rd, 2023
All Sections
Notable
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
Expected to begin operations within 45 days of licensing
Nearly 200,000 users had moved down to the below 30 unit a month category
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
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."
| 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 | - | - |
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.
Meanwhile, Sri Lanka’s power regulator is considering a hike in electricity prices.
"Under the current situation the supplied fuel will be used up within ten hours," he said.
Areas PQRSTUVW will have power cuts of 6 hours and 20 minutes
Areas ABCDEFGHIJKL will have power cuts of 5 hours
According to reports, a 12.5kg domestic Laugfs gas cylinder price was increased by 1,359 rupees to 4,199.
Sri Lanka is facing a fuel shortage due to a forex crisis, and high prices due to a sharp devaluation of the rupee.
Areas ABCDEFGHIJKL will have power cuts of 5 hours
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
2 min read