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Monday June 3rd, 2024
Petroleum

Sri Lanka fuel price formula allows for max profit margin of 4 percent: Minister

If a full 4 percent profit margin is applied, a price increase was due on auto diesel and 92 petrol: Kanchana Wijesekera

April 1, 2024 1 min read

Sri Lanka cuts super diesel by Rs72, Octane 95 by Rs7

Octane 92 petrol and standard diesel unchanged

March 31, 2024 1 min read

Sinopec to double capacity of new refinery in Sri Lanka's Hambantota

"They intend to sign the agreements for the project and commence work by June 2024,"

March 28, 2024 1 min read

Sri Lanka to study moving CPC oil refinery to Trinco

The move is considered in the light of the development of a tank farm in Trincomalee

March 19, 2024 1 min read
Shell asked to bring premium fuels to start Sri Lanka retail distribution

Shell has already imported petrol and diesel consignments: State Minister

Sri Lanka panel to draw up petroleum regulator law

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

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
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China's Sinopec wins Sri Lanka refinery deal

Sri Lanka to sign agreement with Sinopec to build refinery in Hambantota

October 31, 2023 1 min read

Sri Lanka renews Indian Oil Corp petroleum license for 20-years

The 20 years will start from January 2024

October 26, 2023 1 min read

Sri Lanka's CPC may sell fuel competing with Sinopec after talks with IMF: Minister

CPC is going ahead with the IMF on the price formula: Minister

October 22, 2023 2 min read

Sri Lanka’s Sinopec-shortlisted refinery tender to be awarded in “three weeks”

Government is now in the process of reviewing the RFPs - D V Chanaka

October 21, 2023 2 min read

US-based RM Parks to start fuel supply in Sri Lanka soon; United faces delay

United Petroleum Australia requested permission to remit dollars outside Sri Lanka

October 21, 2023 2 min read

Sri Lanka’s state-run fuel retailer to digitize tendering from next month: Minister

New e-procurement system expected to automate tender awarding process totally

October 21, 2023 2 min read

Sri Lanka's fuel imports unlikely to hit by Middle Eastern conflict amid uncertainty - Minister

The country has already secured tenders for supply until June next year, but there could be uncertainties,

Shihar Aneez
October 19, 2023 3 min read

Sri Lanka not going to re-introduce fuel pass: Minister

Fears that petrol prices could rise to 100 US dollars per barrel or that there will be a shortage of fuel

October 17, 2023 2 min read

Saliya Wickramasuriya to head Sri Lanka's Petroleum Corp

Saliya Wickramasuriya appointed as chairman of Ceylon Petroleum Corporation and Ceylon Petroleum Storage Terminals Ltd

October 6, 2023 1 min read

Sri Lanka hikes petrol to Rs365, diesel Rs351

Super diesel up by Rs62

October 1, 2023 1 min read