Notable
"A necessary deterrent against a looming supply crunch "
The gas price increase follows Monday’s increase in fuel costs.
Sri Lanka has already raised fuel prices over soaring global oil prices after U.S./Israel's attack on Iran
Sri Lanka officials had said petrol and diesel stocks were adequate, before global oil prices surged more than 20 percen
White Diesel price has been increased by 49% in last three months, Octane 92 by 47%, Kerosene by 57%
Fuel import bill has jumped 112% in two months since the Middle East crisis: CBSL data
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,"
| Latest | Last | |
|---|---|---|
| US Dollar | 331.7485 | 330.8514 |
| UK Pound | 443.7468 | 438.3450 |
| Euro | 372.5204 | 371.0168 |
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| Aus Dollar | 233.0533 | 231.1659 |
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| 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 | |
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| 3-m bill | 7.61 | 7.84 |
| 6-m bill | 7.91 | 8.26 |
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| today | yesterday | |
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| I-m SLIBOR | - | - |
The move is considered in the light of the development of a tank farm in Trincomalee
Plans to modernize refinery and extend its life
They plan to sign the agreement with the BOI and obtain the license to operate by mid this year
Energy utilities are among the worst hit by discretionary monetary policy
This is a mandatory requirement, in compliance with international norms
A fuel management information system will track distribution under direct supervision of Japanese government
1.3 million entries on SAP data changed or deleted since 2010, most occurred in 2022 during fuel crisis
Sri Lanka had to pay large amount of demurrage in 2022 when it could not make fuel shipments timely
This signifies a significant step forward in stabilising the country’s energy finances, the official said.
Sri Lanka, India discuss multi product oil pipeline connecting Nagapattnam, Trincomalee Tank Farm, Colombo
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