Notable
The July tariff proposal will be submitted to the PUCSL this week
By May 26 afternoon, power has been restored to about 425,000 customers.
Despite electricity being declared an essential service, vacancies have not been filled, the union charged
The batteries are planned for 2024-2030 period
CEB has sought 18.3 percent price hike in the second revision of 2025
IMF program in abeyance due to CEB losses
The move comes three days after Sri Lanka declared "preemptive default" on its foreign loans
The power cuts to be reduced due to enough availability of fuel, coal, and water
"We are now spending 128 US dollar per barrel of diesel and 121 US dollars for petrol."
Sri Lanka's power cut duration reduced after receiving diesel via Indian fuel credit line
"Our plants still do not have adequate fuel supply to run fully."
Therefore the Commission expects your intervention in securing a diesel stock of 37,000 Metric tonnes
The power utility provider last week pledged to reduce the power cut duration to below 4 hours
A 13-hour power cuts prevailed last week, but the duration is shortened after Indian fuel shipments arrived in.
CEB had requested 7 hours
Sri Lanka has received a 40,000 metric tonne diesel consignment under a 500 million dollar Indian credit line
| Latest | Last | |
|---|---|---|
| US Dollar | 332.3603 | 330.8514 |
| UK Pound | 440.9424 | 438.3450 |
| Euro | 368.4879 | 371.0168 |
| Yen | 2.0805 | 2.0916 |
| Aus Dollar | 227.4342 | 231.1659 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.5474 | 3.4202 |
| Korean Won | 0.2492 | 0.2479 |
| Oman Rial | 863.2287 | 859.3320 |
| Saudi Riyal | 88.5586 | 88.0955 |
| UAE Dirham | 90.4874 | 90.0766 |
| pts | % | |
|---|---|---|
| S&P SL20 | 6,365.57 | +0.26% |
| CSE All Share | 22,157.40 | +0.56% |
| Turnover Rs | 2975.05 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 | - | - |
Private bus and school van operators have threatened to stop services if diesel shortages continue
Saturday's power cut duration has declined to 8.5 hours from Friday's 12 hours
The regulator says relevant authorities have failed to take advice given since 2016
Power cut duration has been extended mainly due to lack of fuel amid severe shortage of US dollars for imports.
We can reduce power cuts to some extent after that
The CEB increases the duration of power cuts
Sri Lanka faces grim reality of the dollar shortage-led fuel, power crisis
Power cut duration has been increased to 10 hours from Wednesday
State banks heavily exposed to energy utilities
Sri Lanka is facing extended power cuts due to lack of fuel imports and drought.
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