Notable
The firm was chosen from bids called to supply five shipments in six months
Regulator to be watered down
The price of a 12.5 kilogram cylinder would be cut to 3,940 rupees from 4,115 rupees by 175 rupees
Govt could have reduced Octane 92 price by further Rs.7, White diesel by Rs.2 if it had maintained same profit margin
Geo Gas will supply LPG for 12 months starting from January 2026
Fuel hoarding has resulted in long queues in Sri Lanka amid shortage due to lack of dollars
The minister has yet to reveal how much fuel each vehicle will be allowed to pump.
Fuel to be issued using the new pass system from July 21
Fuel Pass comes after data showed that there is an increasing trend of hoarding
A diesel and petrol shipment to arrive between July 15-19
Power cuts of 1 hour 40 min in the daytime and 1 hour 20 mins in the night
One trillion rupee hole in the CPC balance sheet
"It started off well but we received many complaints on all the fronts."
Fuel will be issued on a daily or weekly basis from the 12th
a 40,000 metric tonne diesel shipment worth $66.5mln from a UAE-based was due between 8-9 July
| 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 | - | - |
From July 12, companies that have the ability to pay for fuel in dollar can open consumer ACC at CPC
Petrol Octane 92 dropped to 1,414 metric tonnes
Gupta said the ships will be arriving either from Singapore or Fujairah, UAE.
Money for medicines allocated
Selected firms will have to import fuel on credit and runs a currency risk
Oil agents asks Central Bank, Treasury to deal directly with principals
Minister Gunawardena requested the public to limit nonessential travel and use fuel sparingly.
“Even today fewer than 10 per cent of buses are running. Drivers are on strike because they have no fuel."
Sri Lanka has totally dependent on India for its fuel requirement from March to mid June.
The last shipment under Indian credit line arrived in on June 16. There has been no shipment since then
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