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Saturday July 20th, 2024
Petroleum

LIOC begins retailing 100 octane petrol in Sri Lanka

The price per liter is 793 rupees.

July 3, 2024 1 min read

Sri Lanka CPC oil imports, sales, fall with entry of new players

CPC oil imports fell to US$647mn to April 2024 from US$828.4mn last year

July 3, 2024 1 min read

Sri Lanka cuts petrol price by Rs11, premiums fuels more

Octane 95 petrol cuts by Rs41 to Rs355, standard diesel, kerosene, unchanged

June 30, 2024 1 min read

Singapore-based Aditya Birla awarded Sri Lanka CPC’s 1.5 mln barrel 92 Unl petrol supply

The firm was chosen from bids called to supply five shipments in six months

June 12, 2024 1 min read
Sri Lanka's Litro cuts LP gas price amid rupee appreciation

The price of a 12.5 kilogram cylinder would be cut to 3,940 rupees from 4,115 rupees by 175 rupees

Sri Lanka raises profit margin on widely used petrol, diesel in latest revision

Govt could have reduced Octane 92 price by further Rs.7, White diesel by Rs.2 if it had maintained same profit margin

Shihar Aneez
May 1, 2024 2 min read

Sri Lanka changes fuel price formula ahead of polls; allow flexibility on profit margin

Government has reduced the profit margin to 1% from 4% last month to maintain the prices: D V Chanaka

April 27, 2024 2 min read

Shell asked to bring premium fuels to start Sri Lanka retail distribution

Shell has already imported petrol and diesel consignments: State Minister

April 26, 2024 2 min read
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Sri Lanka panel to draw up petroleum regulator law

Committee to study introduction of a new regulatory body for the power sector

April 26, 2024 1 min read

Sri Lanka Diesel sales at 7-month high in March, Petrol at 3-month high

Data show sales are on rise after economic crisis

April 13, 2024 1 min read

Chinese onion becomes cheaper in Sri Lanka than Indian ahead of festivals

Chinese onion price reduced by Rs. 120 per kg to 375, Indian onion price slashed by Rs. 50 to 445

Shihar Aneez
April 9, 2024 3 min read
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Sri Lanka fuel price formula allows for max profit margin of 4 percent: Minister

If a full 4 percent profit margin is applied, a price increase was due on auto diesel and 92 petrol: Kanchana Wijesekera

April 1, 2024 1 min read

Sri Lanka cuts super diesel by Rs72, Octane 95 by Rs7

Octane 92 petrol and standard diesel unchanged

March 31, 2024 1 min read

Sinopec to double capacity of new refinery in Sri Lanka's Hambantota

"They intend to sign the agreements for the project and commence work by June 2024,"

March 28, 2024 1 min read

Sri Lanka to study moving CPC oil refinery to Trinco

The move is considered in the light of the development of a tank farm in Trincomalee

March 19, 2024 1 min read
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Sri Lanka to spin off CPC refinery to attract capital

Plans to modernize refinery and extend its life

March 19, 2024 1 min read

United Petroleum of Australia to start Sri Lanka operations by mid this year

They plan to sign the agreement with the BOI and obtain the license to operate by mid this year

March 14, 2024 2 min read
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IMF review team discuss Sri Lanka energy pricing, utility finances

Energy utilities are among the worst hit by discretionary monetary policy

March 13, 2024 1 min read

Sri Lanka to shut oil refinery for 'turnaround' maintenance

This is a mandatory requirement, in compliance with international norms

March 2, 2024 1 min read

Japan gives Sri Lanka 40,000 tons of diesel for health services

A fuel management information system will track distribution under direct supervision of Japanese government

February 19, 2024 1 min read

KPMG audit of Ceylon Petroleum Storage Terminals finds data deleted, stock losses

1.3 million entries on SAP data changed or deleted since 2010, most occurred in 2022 during fuel crisis

February 15, 2024 2 min read

Sri Lanka’s fuel distributors owe more penalties than demurrages: Minister

Sri Lanka had to pay large amount of demurrage in 2022 when it could not make fuel shipments timely

February 9, 2024 1 min read

Sri Lanka earns USD 3 Mn in fuel sales to vessels through bunkering system: official

This signifies a significant step forward in stabilising the country’s energy finances, the official said.

February 9, 2024 1 min read

Sri Lanka in talks with India to establish multi product oil pipeline

Sri Lanka, India discuss multi product oil pipeline connecting Nagapattnam, Trincomalee Tank Farm, Colombo

February 9, 2024 2 min read

Sri Lanka minister hopes to reduce fuel prices after March with boosted energy security

The CPC has been planning to implement a daily automated price revising system from this year

February 8, 2024 2 min read
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