An Echelon Media Company
Sunday December 3rd, 2023

Sri Lanka's CPC may sell fuel competing with Sinopec after talks with IMF: Minister

CPC is going ahead with the IMF on the price formula: Minister

October 22, 2023 2 min read

Sri Lanka’s Sinopec-shortlisted refinery tender to be awarded in “three weeks”

Government is now in the process of reviewing the RFPs - D V Chanaka

October 21, 2023 2 min read

US-based RM Parks to start fuel supply in Sri Lanka soon; United faces delay

United Petroleum Australia requested permission to remit dollars outside Sri Lanka

October 21, 2023 2 min read

Sri Lanka’s state-run fuel retailer to digitize tendering from next month: Minister

New e-procurement system expected to automate tender awarding process totally

October 21, 2023 2 min read
Sri Lanka raises prices of most fuel products; reduces Octane 92

Sri Lanka revises prices in line with a formula

China’s Sinopec starts selling fuel Rs3 below state formula price

Sinopec Energy Lanka (Pvt) Ltd has started selling diesel and petrol 3.00 rupees below price set by CPC.

Nethmi Rajawasam
August 31, 2023 1 min read

Sri Lanka to open bids in China's Sinopec, Vitol refinery race on August 30

Evaluation may take 4 to 6 weeks

August 18, 2023 1 min read

China's Sinopec commences fuel distribution in Sri Lanka

A contract agreement was signed with Sinopec in May to distribute fuel locally through 150 filling stations

August 2, 2023 2 min read

Sri Lanka raises petrol price from midnight

Petrol price is increased for the second straight month

August 1, 2023 1 min read

Sri Lanka Hambantota Port oil says bunker volumes grow to 520,000MT

From January to June 2023, 143 vessel had called at the port compared to only 50 vessels in the first half of last year

July 26, 2023 1 min read

Sri Lanka's CPC import premiums fall, saving $300mn a year: Minister

Premium on auto diesel was down to $5.78 from $12.19

July 25, 2023 2 min read

Sri Lanka IOC unit profits down in June quarter

The firm reported earnings of 4.59 rupees per share for the quarter.

July 25, 2023 1 min read

First shipment of Sinopec fuel to arrive in Sri Lanka in first week of August: official

Power & Energy Minister Kanchana Wijesekara had said earlier that the shipment would arrive end-July.

July 24, 2023 1 min read

Sri Lanka to set maximum retail price for fuel after new players: Minister

If one company reduces the price, and others follow, there will be a big benefit

July 24, 2023 1 min read

Sri Lanka proposes adding gas to oil pipeline with India

I requested them to look at a two-way oil & gas pipeline

July 15, 2023 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 330.2942 315.1016
UK Pound 429.0139 401.1871
Euro 372.1704 343.1959
Aus Dollar 227.2526 211.5951
Yen 2.3820 2.1908
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka electricity reforms to parliament in September: Minister


July 7, 2023 2 min read

Sri Lanka energy minister expects first Sinopec fuel cargo this month

Sinopec will use Ceypetco brand first as they need 10-15 days to change their own logo, do branding - minister

July 5, 2023 1 min read

Sri Lanka amends new fuel supplier deal to smoothen pressure on exchange rate - minister

Sri Lanka has awarded retail fuel licenses to China’s Sinopec, United Petroleum Australia and US-based RM Parks

July 5, 2023 1 min read

Sri Lanka motorists pay Rs.50 tax for Indian credit line, local tea producers on Iran dues

The tax was 25 rupees per liter in June and has now been increased to 50 rupees from this month - minister 

July 4, 2023 2 min read

Sri Lanka raises petrol to Rs328 a litre, diesel Rs346 from July 01

Super Diesel was increased by 6 rupees to 346 rupees per litre

July 1, 2023 1 min read

India's Petronet proposes LNG for Sri Lanka power plants

600+ MW of LNG power plants available will be pursued

June 22, 2023 1 min read

Sri Lanka IOC-CPC joint venture to develop 9 tanks

Ground clearing begun around 3 tanks

June 20, 2023 1 min read

Sri Lanka's Litro cooking gas price cut by Rs452

The price revision will be done inline with the newly introduced pricing formula based on global prices

June 4, 2023 1 min read

Sri Lanka to ramp up weekend fuel deliveries after petrol price cut

CPC and CPSTL have not been operating on Sundays and public holidays in the last 4 months

June 2, 2023 1 min read

Sri Lanka cuts petrol to Rs318 a litre, kerosene to Rs245

Lanka Industrial Kerosene will be cut by 60 rupees a litre to 270 rupees.

May 31, 2023 1 min read