Notable
Sinopec Energy Lanka (Pvt) Ltd has started selling diesel and petrol 3.00 rupees below price set by CPC.
Evaluation may take 4 to 6 weeks
A contract agreement was signed with Sinopec in May to distribute fuel locally through 150 filling stations
Sapugaskanda refinery was built in 1969 to refine Iran light crude
.Very Low Sulphur Fuel Oil (VLSFO) and Marine Gas Oil (MGO/MDO) already available
However, the ministry assured consumers that there will not be a fuel shortage due to the closure.
The credits could be unlocked following a 'gesture of goodwill'
CEB owes CEB Rs91bn
Petroleum Minister Udaya Gammanpila had also proposed the formula
Super diesel was raised by 15 rupees a litre to 159 rupees
Existing pipeline is 45 to 75 years old and takes about 96 hours to unload a shipment
Subject to higher levels of chemical which alerts with a smell
We suspended the work-to-rule campaign at the request of the President and positive response
LP Gas companies asked to halt distribution until odourant hike to make leaks more detectable
The Commission has not been legally empowered to regulate this area to date
| 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 | - | - |
More carbon heavy diesel taxed at a lower rate
7 percent fee was to cover credit insurance
New standards were published in September but nobody seems to have taken notice
“Going forward, the fuel price shall be decided by the fuel price stabilisation fund and not by ministers."
300 SOE's in Sri Lanka are eating away tax revenue already
Cairn India in 2011 found the presence of natural gas in the well named Dorado but did not develop it.
Part of losses comes from dollars borrowed after money printing
Price controls have since been lifted
We made this decision to manage limited foreign exchange to import essential foods
To improve transparency and the general public’s acceptance of much needed regular price revisions
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