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Sri Lanka’s fuel prices face severe upward pressure from spiking global oil rates and surging supplier premiums
The platform has 2,500+ users providing live updates according a message circulating on social media.
Sri Lanka has entered into tripartite deal with India and UAE to develop 61 tanks in Trincomalee
Initiative aims to shield over 4,500 exporters, spread across apparel, tea, spices, and other key industries
Prices have risen around 50% in three months since Middle Eastern crisis started
Global oil prices have fallen to around the pre-conflict level
Kerosene mis-pricing has led to its mis-use in diesel engines
Cabinet spokesman last month said the new govt is using a different method from usual price formula
Gross profits down with cost of sales rising faster than revenues
Under previous govt, decision was made for CEB to follow open tender process in buying fuel
We will not take any decision in the interim period
Fuel prices cut
"It’s now up to the current Government of President @anuradisanayake to follow through with the process and recover th...
There are adequate stocks of petroleum products and coal for power generation and fuel supply, he said.
To regulate petroleum, liquefied petroleum gas, liquefied natural gas, and lubricating oil
Contract for purchasing 3 shipments of Murban crude oil
| Latest | Last | |
|---|---|---|
| US Dollar | 331.7485 | 330.8514 |
| UK Pound | 443.7468 | 438.3450 |
| Euro | 372.5204 | 371.0168 |
| Yen | 2.0969 | 2.0916 |
| Aus Dollar | 233.0533 | 231.1659 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.4948 | 3.4202 |
| Korean Won | 0.2499 | 0.2479 |
| Oman Rial | 861.6397 | 859.3320 |
| Saudi Riyal | 88.4403 | 88.0955 |
| UAE Dirham | 90.3209 | 90.0766 |
| pts | % | |
|---|---|---|
| S&P SL20 | 5,656.91 | -0.43% |
| CSE All Share | 19,927.30 | -0.28% |
| Turnover Rs | 1457.79 million | 1193.67 million |
| Latest | Last | |
|---|---|---|
| 3-m bill | 7.61 | 7.84 |
| 6-m bill | 7.91 | 8.26 |
| 12-m bill | 8.23 | 8.3 |
| 3-yr bond | 9.24 | 9.25 |
| 5-yr bond | 9.82 | 9.56 |
| 8-yr bond | 10.50 | 10.48 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
They will commence retail fuel operations in September with 150 dealer owned and operated fuel stations
The proposal is an interim solution to start LNG for power
Sri Lanka expects to reduce electricity cost through LNG plant
Sri Lanka revises fuel, gas prices once monthly
The price per liter is 793 rupees.
CPC oil imports fell to US$647mn to April 2024 from US$828.4mn last year
Octane 95 petrol cuts by Rs41 to Rs355, standard diesel, kerosene, unchanged
The firm was chosen from bids called to supply five shipments in six months
Regulator to be watered down
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