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Wednesday December 7th, 2022
Petroleum

Sri Lanka's state-run CPC revises down Auto diesel price

Prices of all other fuel were kept unchanged

December 5, 2022 1 min read
3

Sri Lanka proposed power tariff not to recover past losses: Minister

The proposal that was presented was for an automatic cost reflective tariff mechanism

December 5, 2022 2 min read
3

Sri Lanka's PUCSL failed in power regulation for 9 years: Minister

It is after nine years that the prices were revised

November 25, 2022 2 min read
3

Sri Lanka looking to purchase Russian oil at discounted pricing: foreign minister

“As our president put it, when the elephants fight, it’s the grass that gets trampled."

November 24, 2022 3 min read
3

Sri Lanka refinery in Trincomallee discussed with India

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November 13, 2022 1 min read
1

Sri Lanka's state-run CPC raises price of diesel, kerosene to reduce losses 

Both diesel and kerosene had been sold at a loss before the price hike

November 12, 2022 1 min read

Sri Lanka's Litro Gas hikes prices

A 12.5kg cylinder price will be raised by Rs80 to Rs4,360

November 6, 2022 1 min read

No fuel price revisions in November, says Sri Lanka energy minister

"Non placement of orders by dealers anticipating a price reduction has led to fuel stations drying up," Wijesekera said.

Chanka Jayasinghe
November 3, 2022 1 min read

Sri Lanka's Trinco Petroleum Terminal to invest up to US$70mn in tank farm

Some tanks could also be used for ship bunkers

November 2, 2022 2 min read
1

Sri Lanka’s IOC unit reports Rs12.3 bn in Sept 2022 profits

Fuel price hike, forex-shortage led long fuel queues help boost LIOC's profits

October 28, 2022 2 min read

Sri Lanka transport minister says public can force tuk-tuk fare drop

"The government should step in and set a rate, but instead they are making obnoxious statements."

Chanka Jayasinghe and Neshella Perera
October 27, 2022 3 min read
2

Sri Lanka president approves proposal to increase tuktuk petrol quota to 10 litres

The first phase will commence in the Western province, the PMD said.

Mahadiya Hamza
October 24, 2022 1 min read

Sri Lanka petro firms should be regulated by PUCSL, not committee under minister: MPs

"There will be no independent regulation if the sector is overseen by a committee under the Minister."

October 24, 2022 2 min read

Sri Lanka gets 6000MW of renewable energy proposals as competitive bidding ends

About 1500MW could be added over 2 years,

October 23, 2022 2 min read
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Sri Lanka to allow airlines to import own fuel amid currency crisis

We will give our storage facilities and pipelines for a fee.

October 22, 2022 1 min read
1

Sri Lanka owes US$751mn to oil suppliers: Minister

Sri Lanka's state-run Ceylon Petroleum Corporation has a habit of getting oil on credit and paying later

October 19, 2022 1 min read

Sri Lanka parliament nod to liberalize petroleum sector amid protests 

The move could allow investors to enter into petroleum products

October 18, 2022 2 min read
1

Sri Lanka petroleum reforms not aimed at worker layoff: energy minister

"But the recruitment process must change."

October 18, 2022 2 min read

Sri Lanka looking to increase petrol quota for tuktuks: energy minister

"We have given permission to provincial offices to identify [commercial] threewheeler taxis in their respective area."

Mahadiya Hamza
October 18, 2022 1 min read

Sri Lanka revises fuel prices again; Petrol 92 down by 40 rupees

Auto Diesel is reduced by 15 rupees per and the new price is 415 per liter.

October 17, 2022 1 min read

Forex shortage forces closure of Sri Lanka's sole refinery, but fuel supply intact: minister

The minister said enough fuel stock is available with the state-run Ceylon Petroleum Corporation (CPC)

Chanka Jayasinghe
October 7, 2022 2 min read

Despite protests, Sri Lanka to allow more fuel competitors after shortage ousted president, govt

CPC trade unions oppose the move citing that the government is privatizing the state-run firm

October 5, 2022 2 min read

Sri Lanka tuk-tuk drivers refuse to reduce fares despite drop in petrol price

"We have obligations to meet for our families and five litres is not doing us any good. It’s simply not enough"

Neshella Perera
October 3, 2022 2 min read

Sri Lanka sees backlash against market pricing of expensive, polluting diesel

Petrol is the cheapest fuel to import. Kerosene is usually the most expensive.

October 3, 2022 3 min read
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