An Echelon Media Company
Monday June 3rd, 2024
Petroleum

Shell asked to bring premium fuels to start Sri Lanka retail distribution

Shell has already imported petrol and diesel consignments: State Minister

April 26, 2024 2 min read

Sri Lanka panel to draw up petroleum regulator law

Committee to study introduction of a new regulatory body for the power sector

April 26, 2024 1 min read

Sri Lanka Diesel sales at 7-month high in March, Petrol at 3-month high

Data show sales are on rise after economic crisis

April 13, 2024 1 min read

Chinese onion becomes cheaper in Sri Lanka than Indian ahead of festivals

Chinese onion price reduced by Rs. 120 per kg to 375, Indian onion price slashed by Rs. 50 to 445

April 9, 2024 3 min read
Sri Lanka raises profit margin on widely used petrol, diesel in latest revision

Govt could have reduced Octane 92 price by further Rs.7, White diesel by Rs.2 if it had maintained same profit margin

Sri Lanka changes fuel price formula ahead of polls; allow flexibility on profit margin

Government has reduced the profit margin to 1% from 4% last month to maintain the prices: D V Chanaka

Japan gives Sri Lanka 40,000 tons of diesel for health services

A fuel management information system will track distribution under direct supervision of Japanese government

February 19, 2024 1 min read

KPMG audit of Ceylon Petroleum Storage Terminals finds data deleted, stock losses

1.3 million entries on SAP data changed or deleted since 2010, most occurred in 2022 during fuel crisis

February 15, 2024 2 min read

Sri Lanka’s fuel distributors owe more penalties than demurrages: Minister

Sri Lanka had to pay large amount of demurrage in 2022 when it could not make fuel shipments timely

February 9, 2024 1 min read

Sri Lanka earns USD 3 Mn in fuel sales to vessels through bunkering system: official

This signifies a significant step forward in stabilising the country’s energy finances, the official said.

February 9, 2024 1 min read

Sri Lanka in talks with India to establish multi product oil pipeline

Sri Lanka, India discuss multi product oil pipeline connecting Nagapattnam, Trincomalee Tank Farm, Colombo

February 9, 2024 2 min read

Sri Lanka minister hopes to reduce fuel prices after March with boosted energy security

The CPC has been planning to implement a daily automated price revising system from this year

February 8, 2024 2 min read

Sri Lanka resumes talks with India's Petronet LNG to supply fuel

To expedite the process to generate power from LNG India has proposed an interim solution from PetroNet LNG,

February 1, 2024 2 min read

Sri Lanka's CPC hikes standard petrol, diesel, Sinopec Rs3 lower

Petrol and diesel up Rs5, Octane 95 down 08 and super diesel down 7, kerosene up Rs26

February 1, 2024 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,

January 31, 2024 1 min read

Sri Lanka IOC unit profits down 63-pct in Dec23

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

January 16, 2024 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka to seek investors for BOT project in Trinco tank farm

Seeking investors on build-operate-transfer project to rehabilitate nine tanks in upper tank farm in Trinco

January 2, 2024 1 min read

Sri Lanka hikes fuel prices after VAT

Kerosene was cut 11 rupees to 236 rupees a litre

January 1, 2024 1 min read

Sri Lanka BESS solar plant with Australia backing may cost Rs48-49 a unit

Batteries from Sungrow

December 20, 2023 1 min read

Sri Lanka plans to export furnace oil after heavy rains

Ceylon Petroleum Corporation will call tenders to sell furnace oil and naptha produced at its refinery

December 19, 2023 1 min read

Sri Lanka revises down price of widely used petrol, diesel

Government to impose 18 percent tax on fuel from January

December 1, 2023 1 min read

Sri Lanka awards $4.5 bln oil refinery to China's Sinopec in Hambantota

Sri Lanka received 7 bids for the project

November 27, 2023 2 min read

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