Notable
New government has vowed to review Adani project due to high tariff
Sapugaskanda refinery was built in 1969 to refine Iran light crude
.Very Low Sulphur Fuel Oil (VLSFO) and Marine Gas Oil (MGO/MDO) already available
The power cuts will start around 1530 pm and end at 1000 pm in four separate time slots of 90 minutes each.
Geo Gas will supply LPG for 12 months starting from January 2026
One of the first and largest floating solar development in the private sector in Sri Lanka
Tariff hike subject to conditions
Three members of the commission have instead approved the CEB filing in full
PUCSL chairman alleges irregular attempts to approve tariff hike
There have been claims and counter claims about hiking tariffs and costs
PUCSL was hit by resignations amid disputes over a tariff hike and other decisions.
Litro Gas is raising fuel through a price formula every month to prevent losses and borrowings
The price revision comes as the island nation is in discussion for a $2.9 billion IMF loan
The PUCSL has been at logger head with Power Minister and CEB over uninterrupted power supply
LIOC provide Rs5.6bn in taxes for the state
CEB, regulator and Human Rights Commission
| Latest | Last | |
|---|---|---|
| US Dollar | 332.5018 | 332.3603 |
| UK Pound | 440.0661 | 440.9424 |
| Euro | 367.7137 | 368.4879 |
| Yen | 2.0793 | 2.0805 |
| Aus Dollar | 226.4670 | 227.4342 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.5357 | 3.5474 |
| Korean Won | 0.2494 | 0.2492 |
| Oman Rial | 863.5962 | 863.2287 |
| Saudi Riyal | 88.5939 | 88.5586 |
| UAE Dirham | 90.5259 | 90.4874 |
| pts | % | |
|---|---|---|
| S&P SL20 | 6,293.72 | -1.13% |
| CSE All Share | 22,024.18 | -0.60% |
| Turnover Rs | 3232.70 million | 2975.05 million |
| Latest | Last | |
|---|---|---|
| 3-m bill | 7.61 | 7.84 |
| 6-m bill | 7.91 | 8.26 |
| 12-m bill | 8.23 | 8.3 |
| 3-yr bond | 9.24 | 9.25 |
| 5-yr bond | 9.82 | 9.56 |
| 8-yr bond | 10.50 | 10.48 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
CEB agreed for uninterrupted power supply until February 17.
Sri Lanka has been implementing intermittent power cuts since March last year
Sri Lanka's relationship with Saudi was hit by forced cremation under former president Gotabaya Rajapaksa
The PUCSL has been critical on excess electricity tariff hike planned by CEB
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
Parliament last year amended a law to liberalize the lubricant industry which was controlled by the loss-making CPC
To revise the rates a public hearing is required which take a minimum of 45-days
new tariff hike is expected to increase the current rate by more than 50 percent
"We have secured around 25 coal shipments for this year."
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