Notable
The proposal is an interim solution to start LNG for power
Sri Lanka expects to reduce electricity cost through LNG plant
CEB incurred heavy losses before it raised the tariffs to reflect cost
Will call for expressions of interest for public private partnerships to install solar panels on 300 railway stations
A 460 kiloWatt rooftop solar array was installed on its main offices.
Some CEB employees, trade unions have opposed the new reforms
It raised fuel prices in the quarter in line with the state-run fuel retailer due to sharp depreciation of the currency
This is the first time since mid-April 2022 the daily power cuts have not been implemented.
Miranda said long distance buses will be given around 125-150 litres of diesel at a time.
Sri Lanka has been in discussion to go for nuclear power from 2010.
Sri Lanka motorists say the waiting time to pump fuel has reduced significantly.
The reduction in power cut duration on Friday is due to an increase in hydro power generation, the CEB said.
"We also have to limit selected imports in order to balance the payments for fuel."
Between 6 am and 8.30 am, the Colombo City center will face a power cut of two hours and 30 minutes.
The decision that was valid for three months has been cancelled with immediate effect.
| 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 | - | - |
Petrol, kerosene prices unchanged
Sri Lanka is also expected to announce a fuel price revision on Monday, August 01.
Power cut duration is maintained at 3 hours
Sri Lanka fuel queues still remain as is faces dollar shortage to buy fuel
Earlier, only one vehicle was allowed to be registered under one business registration number.
On July 27, 158,208 users have pumped fuel through the system
Prospective firms will have to find their own dollars
Along with fuel shortage, the power cutting still prevails
Sri Lanka's fuel bill for 2022 is estimated at 6.7 billion US dollar up from 2.7 billion US dollars
Sri Lanka is struggling to find dollars to import fuel
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