Notable
Sri Lanka faced a severe fuel shortage and long queues in 2022
Murban crude is still lower than December numbers
Bids were invited from registered suppliers of Ceylon Petroleum Corporation and 7 bidders submitted bids.
Gov to call for investment proposals for oil and natural gas exploration and production in 4 blocks in Mannar Basin
Sri Lanka’s fuel prices face severe upward pressure from spiking global oil rates and surging supplier premiums
The platform has 2,500+ users providing live updates according a message circulating on social media.
Petrol taxed at Rs77 a litre, diesel Rs51 a litre
The minister met a Sinopec team that arrived in the island the previous day to finalise the agreements.
“The misuse of the QR code has also gone down after the amount was increased.”
New players being able to import and supply fuel to the country will also reduce the over-reliance on the CPC
Sri Lanka faced fuel shortage last year before a political crisis-led public protests ousting former leader
Sri Lanka imposed fuel quota in August last year to limit consumption amid shortage
Also attempting to re-start suspended Japanese funded terminal.
"We hope to reduce it by 8-10 percent and will be applied from tomorrow."
CPC trade unions have been powerful and challenged successive governments in the past
Protesters demanded the abolishment of
| Latest | Last | |
|---|---|---|
| US Dollar | 331.7485 | 330.8514 |
| UK Pound | 443.7468 | 438.3450 |
| Euro | 372.5204 | 371.0168 |
| Yen | 2.0969 | 2.0916 |
| Aus Dollar | 233.0533 | 231.1659 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.4948 | 3.4202 |
| Korean Won | 0.2499 | 0.2479 |
| Oman Rial | 861.6397 | 859.3320 |
| Saudi Riyal | 88.4403 | 88.0955 |
| UAE Dirham | 90.3209 | 90.0766 |
| pts | % | |
|---|---|---|
| S&P SL20 | 5,656.91 | -0.43% |
| CSE All Share | 19,927.30 | -0.28% |
| Turnover Rs | 1457.79 million | 1193.67 million |
| Latest | Last | |
|---|---|---|
| 3-m bill | 7.61 | 7.84 |
| 6-m bill | 7.91 | 8.26 |
| 12-m bill | 8.23 | 8.3 |
| 3-yr bond | 9.24 | 9.25 |
| 5-yr bond | 9.82 | 9.56 |
| 8-yr bond | 10.50 | 10.48 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
Price revision date advanced on President's advice - Minister
Union leaders sent on compulsory leave CPC says
The protest has disrupted fuel distribution
There were on-going discussions on "bringing an oil pipeline from India to Trincomalee
Sinopec has been eying Sri Lankan market for a long time, government officials say
Fuel prices have been more than tripled in the last 12 months after the country faced shortage
The project will be piloted with a 6.83bn won grant
Sri Lanka has urged India to develop the energy hub of South Asia in Eastern Trincomalee.
“If the government still doesn’t get it, at midnight on March 14 all trains will stop, as will power supply."
"I have instructed Secretary to the Min of Power & Energy to commence the process to terminate them," he said.
Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 1/1/20) and Privacy Policy and Cookie Statement (updated 1/1/20). Your California Privacy Rights. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Condé Nast. Ad Choices.
Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
© 2023 Echelon Media (PVT) Ltd. All Rights Reserved
2 min read