An Echelon Media Company
Tuesday February 27th, 2024

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

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

Sri Lanka resumes talks with India's Petronet LNG to supply fuel

To expedite the process to generate power from LNG India has proposed an interim solution from PetroNet LNG,

February 1, 2024 2 min read

Sri Lanka's CPC hikes standard petrol, diesel, Sinopec Rs3 lower

Petrol and diesel up Rs5, Octane 95 down 08 and super diesel down 7, kerosene up Rs26

February 1, 2024 1 min read

Sri Lanka's China-run Hambantota Port sees higher oil and gas ship calls

Hambantota Port has seen steep increase in oil and gas vessels in 2023 helped by Sinopec's bunker operations,

January 31, 2024 1 min read

Sri Lanka IOC unit profits down 63-pct in Dec23

The firm reported earnings of 5.66 rupees per share for the quarter

January 16, 2024 1 min read

Sri Lanka to seek investors for BOT project in Trinco tank farm

Seeking investors on build-operate-transfer project to rehabilitate nine tanks in upper tank farm in Trinco

January 2, 2024 1 min read

Sri Lanka hikes fuel prices after VAT

Kerosene was cut 11 rupees to 236 rupees a litre

January 1, 2024 1 min read

Sri Lanka BESS solar plant with Australia backing may cost Rs48-49 a unit

Batteries from Sungrow

December 20, 2023 1 min read

Sri Lanka plans to export furnace oil after heavy rains

Ceylon Petroleum Corporation will call tenders to sell furnace oil and naptha produced at its refinery

December 19, 2023 1 min read

Sri Lanka revises down price of widely used petrol, diesel

Government to impose 18 percent tax on fuel from January

December 1, 2023 1 min read

Sri Lanka awards $4.5 bln oil refinery to China's Sinopec in Hambantota

Sri Lanka received 7 bids for the project

November 27, 2023 2 min read
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US$5bn China oil refinery project to Sri Lanka cabinet next week: Minister

It will be the single largest investment project ever

November 22, 2023 1 min read

R M Parks to invest US$110mn in Sri Lanka fuel distribution

Will expand into EV charging and retail services

November 21, 2023 1 min read

Sri Lanka charges US$2mn annual fee from Sinopec, R M Parks, LIOC

Lanka IOC was previously not charged a fee.

November 12, 2023 1 min read

Sri Lanka raises prices of most fuel products; reduces Octane 92

Sri Lanka revises prices in line with a formula

October 31, 2023 1 min read

China's Sinopec wins Sri Lanka refinery deal

Sri Lanka to sign agreement with Sinopec to build refinery in Hambantota

October 31, 2023 1 min read

Sri Lanka renews Indian Oil Corp petroleum license for 20-years

The 20 years will start from January 2024

October 26, 2023 1 min read

Sri Lanka's CPC may sell fuel competing with Sinopec after talks with IMF: Minister

CPC is going ahead with the IMF on the price formula: Minister

October 22, 2023 2 min read

Sri Lanka’s Sinopec-shortlisted refinery tender to be awarded in “three weeks”

Government is now in the process of reviewing the RFPs - D V Chanaka

October 21, 2023 2 min read

US-based RM Parks to start fuel supply in Sri Lanka soon; United faces delay

United Petroleum Australia requested permission to remit dollars outside Sri Lanka

October 21, 2023 2 min read

Sri Lanka’s state-run fuel retailer to digitize tendering from next month: Minister

New e-procurement system expected to automate tender awarding process totally

October 21, 2023 2 min read
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