Notable
The 300,000 (+/- 5%) barrels of petrol is for a six month period from April 15 to October 14.
Cable to export import power
IOC to supply 414,000 liters, Chevron to supply 389,000
CPC has been given the tanks on a 50-year lease.
Sri Lanka has entered into tripartite deal with India and UAE to develop 61 tanks in Trincomalee
Initiative aims to shield over 4,500 exporters, spread across apparel, tea, spices, and other key industries
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.
| 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 | - | - |
Records show a reduction of about 50 percent in auto diesel, about 30 pertol in petrol, and about 70 percent in kerosene
People have started street protests against high electricity tariff
Prices of Auto diesel price, Super diesel, petrol 95 Octane and 92 Octane remained unchanged.
The price revision comes as the island nation is in discussion for a $2.9 billion IMF loan
LIOC provide Rs5.6bn in taxes for the state
Sri Lanka's relationship with Saudi was hit by forced cremation under former president Gotabaya Rajapaksa
Parliament last year amended a law to liberalize the lubricant industry which was controlled by the loss-making CPC
Those companies are talking among themselves to operate jointly as far as I know
Prices of all other fuel were kept unchanged
The proposal that was presented was for an automatic cost reflective tariff mechanism
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