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Monday November 9th, 2026
Petroleum

Sri Lanka president outlines plans to boost fuel storage

“This will add roughly 10 days of additional storage capacity to our reserves,” Dissanayake said.

March 3, 2026 2 min read

Sri Lanka has petrol, diesel stocks for 27, 33 days: President

Several shipments, including one carrying 35,000 metric tons, will arrive on schedule, he said.

March 3, 2026 1 min read

Sri Lanka expects fuel queues to ease from Tuesday; takes action to stop hoarding

Motorists stay in long queues to fill tanks

March 2, 2026 2 min read

EXPLAINER - US-Israel attack on Iran threatens Sri Lanka’s hard gained recovery

The geopolitical shockwave could unsettle President Anura Kumara Dissanayake’s plans

March 1, 2026 14 min read
Sri Lanka’s CPC spends US$521mn for oil imports in May: official

Sri Lanka's oil bill is expected to be significantly higher than expected in 2026, analysts say

Sri Lankans advised to economize fuel use further

Sri Lanka's oil import bill has jumped sharply after the Middle Eastern conflist

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
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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

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