Notable
Not all dealers are involved in the proces - CPC Chairman says
“This investment adds a reliable fuel provider to the market.”
Sapugaskanda refinery was built in 1969 to refine Iran light crude
.Very Low Sulphur Fuel Oil (VLSFO) and Marine Gas Oil (MGO/MDO) already available
Trading in foreign currency is usually not permitted in Sri Lanka
New QR code registering motorist faced challenges
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
| 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 | - | - |
It is after nine years that the prices were revised
“As our president put it, when the elephants fight, it’s the grass that gets trampled."
Admin measures usually could include rate ceilings
Amid currency collapse
Both diesel and kerosene had been sold at a loss before the price hike
A 12.5kg cylinder price will be raised by Rs80 to Rs4,360
"Non placement of orders by dealers anticipating a price reduction has led to fuel stations drying up," Wijesekera said.
Some tanks could also be used for ship bunkers
Fuel price hike, forex-shortage led long fuel queues help boost LIOC's profits
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