Notable
Trading in foreign currency is usually not permitted in Sri Lanka
New QR code registering motorist faced challenges
The government accuse some groups illegally purchasing excess fuel illegally
Sri Lanka was also hit by US sanctions on Iran in 2012
IMF has urged Sri Lanka to reflect cost-recovery pricing in fuel and energy
While the QR code and fuel quota systems managed to reduce consumption, the drop is still not enough to meet targets
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
| 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 | - | - |
The price of a 12.5 kilogram cylinder would be cut to 3,940 rupees from 4,115 rupees by 175 rupees
Govt could have reduced Octane 92 price by further Rs.7, White diesel by Rs.2 if it had maintained same profit margin
Government has reduced the profit margin to 1% from 4% last month to maintain the prices: D V Chanaka
Shell has already imported petrol and diesel consignments: State Minister
Committee to study introduction of a new regulatory body for the power sector
Data show sales are on rise after economic crisis
Chinese onion price reduced by Rs. 120 per kg to 375, Indian onion price slashed by Rs. 50 to 445
If a full 4 percent profit margin is applied, a price increase was due on auto diesel and 92 petrol: Kanchana Wijesekera
Octane 92 petrol and standard diesel unchanged
"They intend to sign the agreements for the project and commence work by June 2024,"
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