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Monday September 25th, 2023
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CPC dealers were briefed on the implementation of a daily automated price revising system from 2024
CPC to purchase 92 octane unleaded petrol from Vitol for four months
Amid rise in gas prices
Litro says price rise was moderated by extra stocks ordered last month at a lower price
To buy 50-pct of the exiting contract after December
The minister told reporters on Friday that consumers can purchase fuel without scanning their QR code from now on.
Sinopec Energy Lanka (Pvt) Ltd has started selling diesel and petrol 3.00 rupees below price set by CPC.
Evaluation may take 4 to 6 weeks
A contract agreement was signed with Sinopec in May to distribute fuel locally through 150 filling stations
Petrol price is increased for the second straight month
From January to June 2023, 143 vessel had called at the port compared to only 50 vessels in the first half of last year
Premium on auto diesel was down to $5.78 from $12.19
The firm reported earnings of 4.59 rupees per share for the quarter.
Power & Energy Minister Kanchana Wijesekara had said earlier that the shipment would arrive end-July.
If one company reduces the price, and others follow, there will be a big benefit
| Latest | Last | |
|---|---|---|
| US Dollar | 330.2942 | 315.1016 |
| UK Pound | 429.0139 | 401.1871 |
| Euro | 372.1704 | 343.1959 |
| Aus Dollar | 227.2526 | 211.5951 |
| Yen | 2.3820 | 2.1908 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.6453 | 3.5932 |
| Korea Won | 0.2342 | 0.2292 |
| Oman Rial | 780.3569 | 769.4973 |
| Saudi Riyal | 80.1114 | 78.9849 |
| UAE Dirham | 81.7952 | 80.6569 |
| pts | % | |
|---|---|---|
| S&P SL20 | 2,573.80 | 1.00% |
| CSE All Share | 9,073.41 | 0.65% |
| Turnover Rs million | 1,591,766,524.95 | 1,029,335,694.32 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 21.72 | 21.79 |
| 6-m bill | 19.55 | 20.31 |
| 12-m bill | 17.72 | 19.28 |
| 5-yr bond | 21.00 | 22.53 |
| 8-yr bond | 19.42 | 20.55 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 13.93 | 14.00 |
| Gilt Repo | 13.50 | 14.00 |
| I-m SLIBOR | - | - |
I requested them to look at a two-way oil & gas pipeline
Sinopec will use Ceypetco brand first as they need 10-15 days to change their own logo, do branding - minister
Sri Lanka has awarded retail fuel licenses to China’s Sinopec, United Petroleum Australia and US-based RM Parks
The tax was 25 rupees per liter in June and has now been increased to 50 rupees from this month - minister
Super Diesel was increased by 6 rupees to 346 rupees per litre
600+ MW of LNG power plants available will be pursued
Ground clearing begun around 3 tanks
The price revision will be done inline with the newly introduced pricing formula based on global prices
CPC and CPSTL have not been operating on Sundays and public holidays in the last 4 months
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