Notable
There was a problem with the coal import, Dissanayake admitted in parliament,
EDB, CPC meet exporters on fuel distribution
Sri Lanka witnesses slow down in high-spending foreign visitors in March 2026
Sri Lanka has raised fuel prices to near 2022 economic crisis level amid shortage fears
The total project cost stands at 3.04 million dollars and 2,796.14 million rupees, excluding Value Added Tax (VAT).
Petrol, Murban crude oil and diesel contracts to Singapore-based Vitol Asia and Aditya Birla Global Trading
IOC to supply 414,000 liters, Chevron to supply 389,000
CPC has been given the tanks on a 50-year lease.
Not all dealers are involved in the proces - CPC Chairman says
“This investment adds a reliable fuel provider to the market.”
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
United Petroleum, Sinopec and RM Parks were given distribution rights amid a currency crisis
Murban is considered as the next best alternative to Iranian light crude
Sri Lanka to resolve outstanding issues within a month
Current ruling party strongly opposed Trincomalee oil tank farm JV with India
| 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 new administration discussed with China and agreed to fast track the refinery
State-of-the-art oil refinery with a capacity of 200,000 barrels, to be constructed in Hambantota
President Dissanayake's party strongly opposed Indian JV for Trincomalee Oil Tabk Farm
Bids were called by the State-owned Ceylon Petroleum Corporation from registered suppliers, and 6 bids were received.
Our preference is to go ahead with the bidding round that was concluded,
CPC maintained prices of Octane 95, Super Diesel unchanged
Contract to supply 4 shipments of diesel (0.05% MS) from December 15, 2024 to June 14, 2025
The NPP has pledged to minimize usage of fuel in electricity generation, reduce tariff
Long term contract for purchase of 5 shipments of Petrol 92 Unl for the period from 01-12-2024 to 31-05-2025
Herath last month said fuel price formula was not used in deciding prices
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