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Friday March 1st, 2024

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

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 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

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.

US$5bn China oil refinery project to Sri Lanka cabinet next week: Minister

It will be the single largest investment project ever

November 22, 2023 1 min read

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

Will expand into EV charging and retail services

November 21, 2023 1 min read

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

Sri Lanka's CPC may sell fuel competing with Sinopec after talks with IMF: Minister

CPC is going ahead with the IMF on the price formula: Minister

October 22, 2023 2 min read

Sri Lanka’s Sinopec-shortlisted refinery tender to be awarded in “three weeks”

Government is now in the process of reviewing the RFPs - D V Chanaka

October 21, 2023 2 min read

US-based RM Parks to start fuel supply in Sri Lanka soon; United faces delay

United Petroleum Australia requested permission to remit dollars outside Sri Lanka

October 21, 2023 2 min read

Sri Lanka’s state-run fuel retailer to digitize tendering from next month: Minister

New e-procurement system expected to automate tender awarding process totally

October 21, 2023 2 min read
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Sri Lanka's fuel imports unlikely to hit by Middle Eastern conflict amid uncertainty - Minister

The country has already secured tenders for supply until June next year, but there could be uncertainties,

Shihar Aneez
October 19, 2023 3 min read

Sri Lanka not going to re-introduce fuel pass: Minister

Fears that petrol prices could rise to 100 US dollars per barrel or that there will be a shortage of fuel

October 17, 2023 2 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

October 6, 2023 1 min read

Sri Lanka hikes petrol to Rs365, diesel Rs351

Super diesel up by Rs62

October 1, 2023 1 min read

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