The Ceylon Petroleum Corporation and Lanka IOC have announced that their retail fuel price will be revised from midnight today (31) Accordingly the new retail price of fuel (per liter) will be, Octane 92 petrol – Rs. 318 Octane 95 petrol – Rs. 385 Lanka Super Diesel – Rs. 340 Lanka Kerosene – Rs. 245 […]

The Indian High Commission yesterday (30) said that following a request from Sri Lanka, the State Bank of India (SBI) had extended the tenure of the USD 1 billion Credit Facility, provided in March 2022, for the procurement of essential items. In this context, an Amendment Agreement was signed yesterday, in the presence of the […]

India has done more for Sri Lanka than the International Monetary Fund (IMF), Union Minister for External Affairs Dr S Jaishankar, has told the Indian Express. The IE story, filed from Ahmedabad, said: The Modi government, he [Jaishankar] underlined, is working on developing an “extended neighbourhood” that involves islands in the Indian Ocean, Gulf countries and […]

Minister of Power and Energy Kanchana Wijesekara emphasizes that he requested Speaker Mahinda Yapa Abeywardene to take necessary disciplinary and legal steps against the false statements made in Parliament regarding the operation of fuel station business by Sinopec Fuel Oil Lanka in Sri Lanka.

By Y P Prakash India is planning to amend its National Electricity Policy draft, which would result in a halt in the construction of new coal-fired power plants. This move would make India the first major economy to commit to a moratorium on new coal plants. By phasing out these plants, India can significantly reduce […]

Sinopec Fuel Oil Lanka (Pvt) Ltd. today refuted the Âunfounded claims suggesting that the company has hired agencies to manage certain aspects of their operations in carrying out the fuel station business in Sri Lanka.

By Y P Prakash A generator unit at The Norochcholai Power Plant recently suffered another breakdown, as reported by the Minister of Power and Energy, Kanchana Wijesekera, in a tweet. The Ceylon Electricity Board (CEB) had informed him about the breakdown in unit 3 of the Norochcholaipower plant. Unit 3 was scheduled for major overhaul […]

by Rathindra Kuruwita Sri Lanka yesterday signed a long-term contract with Sinopec Fuel Oil Lanka (Pvt) Ltd., to import, store, distribute, and sell petroleum products, the President’s Media Division (PMD) said. The PMD said the contract was signed at the Presidential Secretariat and that the agreement was reached following the recommendations of a Cabinet-appointed special […]

The Contract Agreement has been signed, a short while ago, at the Presidential Secretariat with Sinopec Fuel Oil Lanka (Pvt) Ltd and its parent company in China and Singapore for a long-term contract on the import, storage, distribution, and sale of petroleum products in Sri Lanka, the President s Media Division (PMD) reported.

Lanka Private Bus Owners’ Association (LPBOA) Chairman, Gemunu Wijeratne, expressed concern over the random emission tests conducted on private commuter buses by flying squads from the Transport Ministry and warned of a strike if these tests continue. He warned that if the Transport Ministry failed to address the issue, the Association would take drastic action, […]

The supply of electricity and all related services, the supply or distribution of petroleum products and fuel, and health services have been declared essential services once again.

By Andrew Devadason Vicar-St. Paul’s Church, Milagiriya Colombo It has been one year since we got assaulted in front of the Temple Trees on May 9th, 2022. A simple candlelight protest begun in Kohuwela on March 01st 2022 grew to be an expression of major people’s power which really shook the unshakable Sri Lankan political […]

The cost recovery measures on both electricity and fuel pricing are expected to be continued throughout the four-year IMF programme, says Sarwat Jahan, the IMF Resident Representative in Sri Lanka.

Islamabad [Pakistan], April 28 (ANI): Amid a rise in inflation and a shortage of foreign exchange reserves, people in Pakistan have started to face difficulties in performing Haj, Pakistan vernacular media reported. The Haj quota is now available for the first time in Pakistani history, but fewer people are making the pilgrimage. Most Pakistanis are […]

By Prof. Kirthi Tennakone Sri Lanka is planning to initiate nuclear power generation after a long delay––a prudent decision to secure future energy demand and reduce emissions. However, some parties have expressed skepticism that nuclear energy is unsuitable for Sri Lanka, saying it poses a risk of environmental radioactive contamination in reactor meltdowns and waste […]