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Monday November 9th, 2026
Petroleum

Sri Lanka unit of IOC profits halves in Sept 2024 quarter

Gross profits down with cost of sales rising faster than revenues

October 21, 2024 1 min read

Controversy erupts over Sri Lanka's CEB move to continue fuel purchases sans tender

Under previous govt, decision was made for CEB to follow open tender process in buying fuel

October 17, 2024 3 min read

Sri Lanka to review Adani wind power plant after polls

We will not take any decision in the interim period

October 8, 2024 1 min read

Sri Lanka cuts petrol to Rs311, diesel to Rs283, Sinopec Rs280

Fuel prices cut

October 1, 2024 1 min read
EXPLAINER - US-Israel attack on Iran threatens Sri Lanka’s hard gained recovery

The geopolitical shockwave could unsettle President Anura Kumara Dissanayake’s plans

Sri Lanka's state sector to go full electric, no more fuel vehicles: president

He said on Tuesday August 30 that the purchase of fuel-run vehicles for state services will be stopped.

August 30, 2022 1 min read
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Sri Lanka energy minister proposes parliament committee on fuel, coal procurement

"As Minister of Power & Energy, I will fully support the setting up of such a committee."

Himal Kotelawala
August 29, 2022 2 min read
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Sri Lanka schedules power cuts of 3 hours on August 29

Fuel shortages drive power cuts despite coal plant

August 28, 2022 1 min read

Sri Lanka interests 24 firms in CPC fuel distribution network offer

Companies from the UAE, Saudi Arabia, USA, China, India, Russia, UK, Malaysia, Norway and the Philippines

August 28, 2022 1 min read

Sri Lanka orders additional fuel stocks to smooth distribution amid shortage fears

Motorists see queues again as many filling stations have run out of fuel stocks.

Chanka Jayasinghe
August 28, 2022 2 min read

Sri Lanka coal deal awarded on 6-month credit amid queries

Queries raised on awardee

August 27, 2022 1 min read

Sri Lanka schedules power cuts of 3 hours for August 27, 28

Weekend to have 3 hours power cuts

August 26, 2022 1 min read

Indians visiting Sri Lanka advised to be cautious of fuel situation, currency convertibility

"Our endeavour is to prevent any untoward incident involving Indians outside India."

Mahadiya Hamza
August 26, 2022 2 min read

Fuel queues seen outside several filling stations in Sri Lanka as schools reopen

As of August 23 more than six million vehicles have signed up for the QR system.

Chanka Jayasinghe
August 25, 2022 2 min read

Sri Lanka Navy seizes petrol hoard worth 900,000 rupees

The suspects along with petrol and the vehicles used for the illegal act were handed over to the Kalpitiya Police.

Neshella Perera
August 22, 2022 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
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
Source: Central Bank/Indicative
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
Source: Central Bank/Indicative
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
Source: CSE
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
Source: Central Bank/Indicative
today yesterday
Overnight Money 7.70 7.69
Gilt Repo 7.74 7.72
I-m SLIBOR - -
Source: Central Bank/Indicative

Australia to work with India to provide fuel to Sri Lanka's navy, air force

Australia recently provided Sri Lanka 75 million US dollars in food and medicine aid. 

Neshella Perera
August 22, 2022 2 min read

Sri Lanka kerosene price hike: FinMin to identify recipients of cash transfer proposed by president

Kerosene was out of stock in the market as Sri Lanka’s sole oil refinery that produced kerosene remained shut.

August 22, 2022 2 min read

Sri Lanka to make cash transfers to the those hit hard by record kerosene price hike

On Sunday  August 21, Sri Lanka hiked the price of kerosene from 87 rupees per litre to 340 rupees per litre.

Mahadiya Hamza
August 22, 2022 1 min read

Sri Lanka hikes kerosene price 290-pct in steep correction

A local refinery began production on August 20 after being closed for months

August 21, 2022 1 min read

Sri Lanka's petroleum sector trade unions to launch protest on Aug 22 against new reforms

"CPC & CPC reforms are a must & will continue to work to implement them."

August 21, 2022 1 min read
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Sri Lanka's Sapugaskanda oil refinery to run for 40-days with two oil shipments

A second ship carrying 120,000mt crude oil is expected on the following week.

August 21, 2022 1 min read

Sri Lanka energy minister seeks police probe into fuel distribution complaints

Wijesekera said the complaint also requests the CID to look into distribution irregularities.

Chanka Jayasinghe
August 19, 2022 2 min read

Sri Lanka partners with USAID to convert petrol-run tuktuks to electricity

The move also aims to promote a greener transportation sector, a statement said.

Mahadiya Hamza
August 17, 2022 2 min read

No fuel price revision in Sri Lanka for August: energy ministry

“Fuel price revisions will take place again on September 01,” the ministry official said on Tuesday August 16.

Neshella Perera
August 16, 2022 2 min read

Sri Lanka private bus owners expect to operate at 90 pct as schools reopen

"We plan to commence bus services 100 percent islandwide. If not 100 percent, at least 90 percent should be doable."

August 15, 2022 1 min read