Notable
We suggested to India that we build a joint venture oil refinery
PUCSL announced 20% price reduction against the CEB's no change in the first half of 2025
Domestic users of 0.30 units will see a reduction of 29 percent
State-of-the-art oil refinery with a capacity of 200,000 barrels, to be constructed in Hambantota
Cash of $60mn and amortizing bonds
“This project operates through the subsidiary of PAP and starts revenue generation from today,”
Admin measures usually could include rate ceilings
Owes CPC and IPPs Rs148bn and banks Rs168bn
Amid currency collapse
Both diesel and kerosene had been sold at a loss before the price hike
Sri Lanka has faced short supply of coal
A 12.5kg cylinder price will be raised by Rs80 to Rs4,360
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.
| 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 | - | - |
Some tanks could also be used for ship bunkers
Fuel price hike, forex-shortage led long fuel queues help boost LIOC's profits
Opposition legislator Harsha de Silva has called the social security contribution levy a travesty.
"The government should step in and set a rate, but instead they are making obnoxious statements."
The CEB had 10 months worth of arrears totaling 35.18 billion rupees dating back to October 2021.
The first phase will commence in the Western province, the PMD said.
"World Bank lent 70 million USD to solve our LPG problem. Now we are returning that money to Treasury in rupees."
"There will be no independent regulation if the sector is overseen by a committee under the Minister."
About 1500MW could be added over 2 years,
We will give our storage facilities and pipelines for a fee.
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
4 min read