An Echelon Media Company
Sunday December 3rd, 2023

Sri Lanka charges US$2mn annual fee from Sinopec, R M Parks, LIOC

Lanka IOC was previously not charged a fee.

November 12, 2023 1 min read

Sri Lanka raises prices of most fuel products; reduces Octane 92

Sri Lanka revises prices in line with a formula

October 31, 2023 1 min read

China's Sinopec wins Sri Lanka refinery deal

Sri Lanka to sign agreement with Sinopec to build refinery in Hambantota

October 31, 2023 1 min read

Sri Lanka renews Indian Oil Corp petroleum license for 20-years

The 20 years will start from January 2024

October 26, 2023 1 min read
US$5bn China oil refinery project to Sri Lanka cabinet next week: Minister

It will be the single largest investment project ever

R M Parks to invest US$110mn in Sri Lanka fuel distribution

Will expand into EV charging and retail services

Sri Lanka's CEB seeks interim power tariff hike amid IMF review

CEB wants at least 30 billion rupees in additional revenues

September 29, 2023 3 min read

Sinopec to go up to 200 Sri Lanka pumping stations, more possible: Minister

Sinopec was supposed to enter Sri Lanka in 2003 under

Nethmi Rajawasam
September 27, 2023 1 min read

Sri Lanka to buy diesel from Petrochina International

The purchase is made on long term contract basis.

September 26, 2023 1 min read

Sri Lanka's CPC to implement daily automated price revising system from next year

CPC dealers were briefed on the implementation of a daily automated price revising system from 2024

Neshella Perera
September 13, 2023 2 min read

Sri Lanka’s CPC to purchase four shipments of 92 octane petrol from Vitol Asia

CPC to purchase 92 octane unleaded petrol from Vitol for four months

Nethmi Rajawasam
September 13, 2023 1 min read

Sri Lanka's Laugfs hikes 12.5kg cylinder price by Rs145

Amid rise in gas prices

September 4, 2023 1 min read

Sri Lanka’s Litro hikes LP Gas 12.5kg cylinder by Rs145

Litro says price rise was moderated by extra stocks ordered last month at a lower price

September 4, 2023 1 min read

Sri Lanka's Litro to buy LP Gas from current supplier until privatization

To buy 50-pct of the exiting contract after December

September 2, 2023 1 min read

Sri Lanka ends QR code-enabled fuel rationing system

The minister told reporters on Friday that consumers can purchase fuel without scanning their QR code from now on.

September 1, 2023 1 min read

Sri Lanka hikes petrol to Rs361, diesel to Rs341


August 31, 2023 1 min read
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China’s Sinopec starts selling fuel Rs3 below state formula price

Sinopec Energy Lanka (Pvt) Ltd has started selling diesel and petrol 3.00 rupees below price set by CPC.

Nethmi Rajawasam
August 31, 2023 1 min read

Sri Lanka to open bids in China's Sinopec, Vitol refinery race on August 30

Evaluation may take 4 to 6 weeks

August 18, 2023 1 min read

China's Sinopec commences fuel distribution in Sri Lanka

A contract agreement was signed with Sinopec in May to distribute fuel locally through 150 filling stations

August 2, 2023 2 min read

Sri Lanka raises petrol price from midnight

Petrol price is increased for the second straight month

August 1, 2023 1 min read

Sri Lanka Hambantota Port oil says bunker volumes grow to 520,000MT

From January to June 2023, 143 vessel had called at the port compared to only 50 vessels in the first half of last year

July 26, 2023 1 min read

Sri Lanka's CPC import premiums fall, saving $300mn a year: Minister

Premium on auto diesel was down to $5.78 from $12.19

July 25, 2023 2 min read

Sri Lanka IOC unit profits down in June quarter

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

July 25, 2023 1 min read

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.

July 24, 2023 1 min read

Sri Lanka to set maximum retail price for fuel after new players: Minister

If one company reduces the price, and others follow, there will be a big benefit

July 24, 2023 1 min read

Sri Lanka proposes adding gas to oil pipeline with India

I requested them to look at a two-way oil & gas pipeline

July 15, 2023 1 min read