Notable
Questioned why public funds were being used to support foreign players that were brought in to import fuel
CPC is losing Rs.60 per liter of diesel, but losses are offset by refinery profits: CPC chairman
All four blocks have a cumulative area of over 30,000 sq, km
Significant natural gas accumulations in two offshore wells within the deepwater Mannar basin have been discovered
For the supply of 420,000 metric tonnes (±20%) of LPG, including a guaranteed minimum quantity of 336,000 metric tonnes
Government has already provided Rs.41 bln subsidy for three months through December
It is also exploring a Russian oil deal amid fuel shortage, price hike
Sri Lanka likely to hit further if it cannot secure fuel in near future
Sri Lanka grapples due to fuel shortage, global price hike amid Middle East war
Before price hike, government increased weekly fuel quota
Sri Lanka’s fuel prices face severe upward pressure from spiking global oil rates and surging supplier premiums
The platform has 2,500+ users providing live updates according a message circulating on social media.
Sri Lanka has entered into tripartite deal with India and UAE to develop 61 tanks in Trincomalee
Initiative aims to shield over 4,500 exporters, spread across apparel, tea, spices, and other key industries
Trading in foreign currency is usually not permitted in Sri Lanka
New QR code registering motorist faced challenges
| 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 government accuse some groups illegally purchasing excess fuel illegally
Sri Lanka was also hit by US sanctions on Iran in 2012
"A necessary deterrent against a looming supply crunch "
The gas price increase follows Monday’s increase in fuel costs.
Sri Lanka has already raised fuel prices over soaring global oil prices after U.S./Israel's attack on Iran
Sri Lanka officials had said petrol and diesel stocks were adequate, before global oil prices surged more than 20 percen
“This will add roughly 10 days of additional storage capacity to our reserves,” Dissanayake said.
Several shipments, including one carrying 35,000 metric tons, will arrive on schedule, he said.
Motorists stay in long queues to fill tanks
The geopolitical shockwave could unsettle President Anura Kumara Dissanayake’s plans
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