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Saturday March 2nd, 2024
Petroleum

US$5bn China oil refinery project to Sri Lanka cabinet next week: Minister

It will be the single largest investment project ever

November 22, 2023 1 min read

R M Parks to invest US$110mn in Sri Lanka fuel distribution

Will expand into EV charging and retail services

November 21, 2023 1 min read

Sri Lanka charges US$2mn annual fee from Sinopec, R M Parks, LIOC

Lanka IOC was previously not charged a fee.

November 12, 2023 1 min read

Sri Lanka raises prices of most fuel products; reduces Octane 92

Sri Lanka revises prices in line with a formula

October 31, 2023 1 min read
Sri Lanka's China-run Hambantota Port sees higher oil and gas ship calls

Hambantota Port has seen steep increase in oil and gas vessels in 2023 helped by Sinopec's bunker operations,

Sri Lanka IOC unit profits down 63-pct in Dec23

The firm reported earnings of 5.66 rupees per share for the quarter

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
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Sri Lanka electricity reforms to parliament in September: Minister

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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
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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

Sri Lanka raises fuel quota for cars to 40 litres, bikes 14

The new ration will be effetive from midnight May 31.

May 28, 2023 1 min read

Sri Lanka govt to revise fuel prices, increase fuel quota from June

Fuel Quota currently allowed on the National Fuel Pass QR system will be increased from the next month

May 26, 2023 2 min read

Sri Lanka inks deal with Sinopec to distribute fuel

Expected to begin operations within 45 days of licensing

May 22, 2023 1 min read
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Sri Lanka's CPC to lease emergency response vessel

The contract will run from June 01, 2023

May 17, 2023 1 min read

Sri Lanka's IOC unit profits up 112-pct in March 2023 quarter

Profits up with currency fall

May 2, 2023 1 min read

Sri Lanka cuts petrol to Rs333 a litre, diesel Rs330 from May 01

Petrol taxed at Rs77 a litre, diesel Rs51 a litre

May 1, 2023 1 min read
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