Notable
Sri Lanka received 7 bids for the project
It will be the single largest investment project ever
Will expand into EV charging and retail services
Lanka IOC was previously not charged a fee.
The Group has decided to divest the residual assets instead of relocating the plant overseas
This process is now underway and the LNG supply is planned to start in 2028
This measure was also to channel the saved fuel to supply uninterrupted power during the Sinhala-Tamil new year
CPC is losing 110 rupees per litre of diesel sold and 52 rupees for a litre of petrol
By end April about 375 to 400 million from the credit line would be used
Sri Lanka still face fuel shortage and motorists are forced to wait hours
Around 60 percent of the fuel credit has been already used
The distribution is expected to start from this evening
Litro imports gas on one month credit
Sri Lanka faces grim reality of the dollar shortage-led fuel, power crisis
Customers adapt. But 10 hour power cuts will not leave room
| 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 lack of fuel also has resulted in large queues for diesel and petrol despite record price hikes
Sri Lanka is facing a fuel shortage due to a forex crisis, and high prices due to a sharp devaluation of the rupee.
Areas ABCDEFGHIJKL will have power cuts of 5 hours
Up to 5 hours of power cuts
Elderly person collapses while waiting in line
Says daily demand has gone up
Short term tenders have been floated
The USD 1 billion credit line is expected to be signed during Rahjapaksa's visit, which was postponed twice.
‘’Diesel prices increased by one third so travel fees will be increased from 1,800 to 2,000 rupees,” he said.
That the Southern grid would face a serious deficit was warned earlier
Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 1/1/20) and Privacy Policy and Cookie Statement (updated 1/1/20). Your California Privacy Rights. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Condé Nast. Ad Choices.
Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
© 2023 Echelon Media (PVT) Ltd. All Rights Reserved
2 min read