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Sunday December 3rd, 2023

Sri Lanka in talks with India on oil pipeline to Trinco

There were on-going discussions on "bringing an oil pipeline from India to Trincomalee

March 28, 2023 1 min read

Sri Lanka to lease 450 state-owned fuel stations for Chinese, US, Australian firms with Shell JV

Sinopec has been eying Sri Lankan market for a long time, government officials say

March 27, 2023 2 min read

Sri Lanka Power Minister assures to cut fuel prices in April

Fuel prices have been more than tripled in the last 12 months after the country faced shortage

March 21, 2023 2 min read

Sri Lanka to pilot two floating solar power plants with Korea support

The project will be piloted with a 6.83bn won grant

March 14, 2023 1 min read
Sri Lanka IOC unit profits down in June quarter

The firm reported earnings of 4.59 rupees per share for the quarter.

First shipment of Sinopec fuel to arrive in Sri Lanka in first week of August: official

Power & Energy Minister Kanchana Wijesekara had said earlier that the shipment would arrive end-July.

Sri Lanka schedules power cuts of 3 hours from July 9 to July 13

Power cuts of 1 hour 40 min in the daytime and 1 hour 20 mins in the night

July 9, 2022 1 min read

Sri Lanka's CPC in shocking Rs628bn loss on soft-pegging loans

One trillion rupee hole in the CPC balance sheet

July 4, 2022 3 min read

Lanka IOC suspends Sri Lanka's fuel token system

"It started off well but we received many complaints on all the fronts."

Mahadiya Hamza
July 4, 2022 2 min read

Sri Lanka promises guaranteed fuel for companies on dollarized sales

Fuel will be issued on a daily or weekly basis from the 12th

July 4, 2022 2 min read

Sri Lanka to receive 9 fuel ships between July-August

a 40,000 metric tonne diesel shipment worth $66.5mln from a UAE-based was due between 8-9 July

Dulya de Silva
July 3, 2022 2 min read

Crisis-hit Sri Lanka allows companies to pay in dollars to obtain weekly fuel supply

From July 12, companies that have the ability to pay for fuel in dollar can open consumer ACC at CPC

Mahadiya Hamza
July 3, 2022 2 min read

Sri Lanka reveals low fuel stock levels

Petrol Octane 92 dropped to 1,414 metric tonnes

Mahadiya Hamza
July 3, 2022 1 min read

Three shipments of fuel to arrive in Sri Lanka by mid, end July, August: Lanka IOC

Gupta said the ships will be arriving either from Singapore or Fujairah, UAE.

Chanka Jayasinghe
July 2, 2022 1 min read

Sri Lanka seeks loan from Qatar to import oil amid soft-peg instability

Money for medicines allocated

June 29, 2022 2 min read

Sri Lanka cabinet clears plan allow new foreign fuel distributors

Selected firms will have to import fuel on credit and runs a currency risk

June 28, 2022 2 min read
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Sri Lanka central bank to give payment plan for oil supplier arrears: Presidents office

Oil agents asks Central Bank, Treasury to deal directly with principals

June 28, 2022 2 min read

Sri Lanka to release fuel for essential services only: cabinet

Minister Gunawardena requested the public to limit nonessential travel and use fuel sparingly.

June 27, 2022 1 min read

Sri Lanka's private buses en route to grinding halt as fuel crisis deepens

“Even today fewer than 10 per cent of buses are running. Drivers are on strike because they have no fuel."

Dulya de Silva
June 27, 2022 2 min read

Sri Lanka' CPC may need Treasury's help to repay India's $700 mln - minister

Sri Lanka has totally dependent on India for its fuel requirement from March to mid June.

June 27, 2022 2 min read

India's fresh $500 mln fuel credit to Sri Lanka delayed over routine administration - minister

The last shipment under Indian credit line arrived in on June 16. There has been no shipment since then

June 27, 2022 2 min read

Sri Lanka power regulator proposes average tariff hike to Rs32 a unit

Dollar earning companies to pay in US dollars

June 27, 2022 1 min read

Foreign banks refuse to confirm Sri Lanka state bank letters of credit: Minister

Oil suppliers wary to supply Sri Lanka after recent downgrades

June 27, 2022 3 min read

Sri Lanka invites capable companies to supply aviation fuel

SriLankan Airlines to import Jet-A1 directly

June 26, 2022 1 min read

Sri Lanka plans to allow more fuel distributors

Plant to attract up to four new players

June 26, 2022 1 min read

Sri Lanka petrol price hiked to Rs470 a litre, diesel Rs460

Ceypetco and CPC prices both raised

June 26, 2022 1 min read