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Wednesday May 18th, 2022
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Prime Minister says the CPC can no longer bear the losses.
New Prime Minister reveals the grim reality of the economy
Some people suggested that we talk to Russia
Cabinet has requested both Ceypetco and Lanka IOC to propose price formulas to minimise losses for the state.
Power cuts to be maintained at 3 hour 20 mins
Private developers to build transmission lines
Monthly fuel import bill has increased to almost thrice in Many compared to three months ago- Minister
There won't be power cuts on Tuesday due to Ramadan festival - PUCSL
"We allowed some flights to come and refuel at Mattala as well because BIA's fuel was finishing faster"
But on April 23, the projected cost had risen by another 200 billion rupees to 705 billion
Certain friendly states, international suppliers and local private sector have forwarded proposals
State-run fuel retailer CPC is facing a tough task of meeting fuel demand due to dollar shortage
China supplied 730,000 tons of fuel in the six months through January 2022 - Qi
Slots may be reduced by 30min if water is available
Litro has requested for a price hike since the last price hike in October 2021 amid rupee fall, global LP gas price hike
Octane 92 price up to 338 rupees a litre while auto diesel prices raised by 64.2-pct to 289 rupees
| Latest | Last | |
|---|---|---|
| US Dollar | 364.7323 | 365.000 |
| UK Pound | 443.8596 | 467.5760 |
| Euro | 450.2423 | 403.6233 |
| Aus Dollar | 257.2205 | 269.0664 |
| Yen | 2.8397 | 2.9308 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 4.6237 | 4.6485 |
| Korea Won | 0.2816 | 0.2797 |
| Oman Rial | 934.4034 | 935.0528 |
| Saudi Riyal | 95.9052 | 95.9744 |
| UAE Dirham | 97.9431 | 98.0112 |
| pts | % | |
|---|---|---|
| S&P SL20 | 2,806.14 | 5.40% |
| CSE All Share | 8,446.75 | 4.30% |
| Turnover Rs million | 1,895,853,356 | 2,180,675,756 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 21.19 | 21.10 |
| 6-m bill | 21.80 | 21.68 |
| 12-m bill | 22.67 | 22.39 |
| 5-yr bond | 22.43 | 21.89 |
| 8-yr bond | 22.52 | 21.78 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 14.50 | 14.50 |
| Gilt Repo | 14.50 | 14.50 |
| I-m SLIBOR | - | - |
Latest hike will see price of Octane 92 rising 11.6% to record 338 rupees a litre, auto diesel by 35% to 289 rupees
This measure was also to channel the saved fuel to supply uninterrupted power during the Sinhala-Tamil new year
CPC is losing 110 rupees per litre of diesel sold and 52 rupees for a litre of 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
Around 60 percent of the fuel credit has been already used
The distribution is expected to start from this evening
Litro imports gas on one month credit
Sri Lanka faces grim reality of the dollar shortage-led fuel, power crisis
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