An Echelon Media Company
Thursday February 29th, 2024

Sri Lanka IOC-CPC joint venture to develop 9 tanks

Ground clearing begun around 3 tanks

June 20, 2023 1 min read

Sri Lanka's Litro cooking gas price cut by Rs452

The price revision will be done inline with the newly introduced pricing formula based on global prices

June 4, 2023 1 min read

Sri Lanka to ramp up weekend fuel deliveries after petrol price cut

CPC and CPSTL have not been operating on Sundays and public holidays in the last 4 months

June 2, 2023 1 min read

Sri Lanka cuts petrol to Rs318 a litre, kerosene to Rs245

Lanka Industrial Kerosene will be cut by 60 rupees a litre to 270 rupees.

May 31, 2023 1 min read
Saliya Wickramasuriya to head Sri Lanka's Petroleum Corp

Saliya Wickramasuriya appointed as chairman of Ceylon Petroleum Corporation and Ceylon Petroleum Storage Terminals Ltd

Sri Lanka hikes petrol to Rs365, diesel Rs351

Super diesel up by Rs62

Sri Lanka kerosene price hike: FinMin to identify recipients of cash transfer proposed by president

Kerosene was out of stock in the market as Sri Lanka’s sole oil refinery that produced kerosene remained shut.

August 22, 2022 2 min read

Sri Lanka to make cash transfers to the those hit hard by record kerosene price hike

On Sunday  August 21, Sri Lanka hiked the price of kerosene from 87 rupees per litre to 340 rupees per litre.

Mahadiya Hamza
August 22, 2022 1 min read

Sri Lanka hikes kerosene price 290-pct in steep correction

A local refinery began production on August 20 after being closed for months

August 21, 2022 1 min read

Sri Lanka's petroleum sector trade unions to launch protest on Aug 22 against new reforms

"CPC & CPC reforms are a must & will continue to work to implement them."

August 21, 2022 1 min read

Sri Lanka's Sapugaskanda oil refinery to run for 40-days with two oil shipments

A second ship carrying 120,000mt crude oil is expected on the following week.

August 21, 2022 1 min read

Sri Lanka energy minister seeks police probe into fuel distribution complaints

Wijesekera said the complaint also requests the CID to look into distribution irregularities.

Chanka Jayasinghe
August 19, 2022 2 min read

Sri Lanka partners with USAID to convert petrol-run tuktuks to electricity

The move also aims to promote a greener transportation sector, a statement said.

Mahadiya Hamza
August 17, 2022 2 min read

No fuel price revision in Sri Lanka for August: energy ministry

“Fuel price revisions will take place again on September 01,” the ministry official said on Tuesday August 16.

Neshella Perera
August 16, 2022 2 min read

Sri Lanka private bus owners expect to operate at 90 pct as schools reopen

"We plan to commence bus services 100 percent islandwide. If not 100 percent, at least 90 percent should be doable."

August 15, 2022 1 min read

Sri Lanka's fuel QR system upgraded; multiple company vehicles under single-BRN

One BRN and a mobile number is enough to register commercial vehicles to the QR system

August 14, 2022 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 315.2986 315.7299
UK Pound 401.0482 401.9914
Euro 343.3195 344.3762
Aus Dollar 207.9088 208.3224
Yen 2.1051 2.1083
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka's CEB owes Rs137.9bn to CPC and IPPs: Minister

Total debts, including projects loans for expansion was now valued at Rs612bn

August 12, 2022 2 min read

Sri Lanka to acquire 35,000MT of petrol; unloading on Aug 12

Wijesekara tweeted that the ship will arrive at the Colombo port Thursday night.

Chanka Jayasinghe
August 11, 2022 1 min read

Sri Lanka's Sapugaskanda oil refinery to resume operations on Aug 15: minister

It will be reopened upon the anticipated arrival of a crude oil shipment on August 13, he said.

Chanka Jayasinghe
August 10, 2022 3 min read

Sri Lanka to revise petroleum law to allow new distributors

90 percent of fuel distribution in Sri Lanka is done by the state-run Ceylon Petroleum Corporation.

Mahadiya Hamza
August 9, 2022 2 min read

LIOC responds to EOI to contract out Sri Lanka CPC filling stations

LIOC also go the approval to appoint 50 new dealers

August 9, 2022 1 min read

Sri Lanka's IOC unit authorised to open 50 new filling stations

"We will put out the advertisements and open them in the fifty locations."

Dulya de Silva
August 8, 2022 1 min read

Sri Lanka's energy ministry looking to allocate more fuel quotas for buses, taxis

"The ministry will look at the possibility of allocating additional quotas for those requirements on a separate QR code"

August 8, 2022 1 min read

Private buses on strike in Sri Lanka over fuel issue, fare revision

Miranda said long distance buses will be given around 125-150 litres of diesel at a time.

Chanka Jayasinghe
August 5, 2022 2 min read

Sri Lanka state-run CEYPETCO to supply fuel only for filling station with QR system - minister

Sri Lanka motorists say the waiting time to pump fuel has reduced significantly.

Chanka Jayasinghe
August 5, 2022 2 min read

Sri Lanka must fund fuel imports with export income, remittances, says president

"We also have to limit selected imports in order to balance the payments for fuel."

August 3, 2022 2 min read