Notable
The new administration discussed with China and agreed to fast track the refinery
State-of-the-art oil refinery with a capacity of 200,000 barrels, to be constructed in Hambantota
President Dissanayake's party strongly opposed Indian JV for Trincomalee Oil Tabk Farm
Bids were called by the State-owned Ceylon Petroleum Corporation from registered suppliers, and 6 bids were received.
"A necessary deterrent against a looming supply crunch "
The gas price increase follows Monday’s increase in fuel costs.
"The government should step in and set a rate, but instead they are making obnoxious statements."
The first phase will commence in the Western province, the PMD said.
"There will be no independent regulation if the sector is overseen by a committee under the Minister."
About 1500MW could be added over 2 years,
We will give our storage facilities and pipelines for a fee.
Sri Lanka's state-run Ceylon Petroleum Corporation has a habit of getting oil on credit and paying later
The move could allow investors to enter into petroleum products
"But the recruitment process must change."
"We have given permission to provincial offices to identify [commercial] threewheeler taxis in their respective area."
Auto Diesel is reduced by 15 rupees per and the new price is 415 per liter.
| 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 | - | - |
The minister said enough fuel stock is available with the state-run Ceylon Petroleum Corporation (CPC)
CPC trade unions oppose the move citing that the government is privatizing the state-run firm
"We have obligations to meet for our families and five litres is not doing us any good. It’s simply not enough"
Petrol is the cheapest fuel to import. Kerosene is usually the most expensive.
Ceylon Petroleum Corporation owes around $800 million to foreign suppliers for fuel.
Diesel, kerosene unchanged
The Consumer Consultative Committee of the PUCSL has decided to investigate the complaints
"You can’t even run the plant using that crude oil. The only option left for the importers is to drink it," he said.
Putin's order came as Western media outlets began to express cautious optimism about a possible Ukrainian victory
Sri Lanka still struggles to smoothen its fuel distribution due to forex shortage created by money printing
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