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Police has discovered hoarding of fuel worth 20.5 million rupees in the past few days.
analysts say the site has been drying up since the appointment of New PM, Ranil Wickremesinghe on May 12
Analysts expect market to fall with government's expected fiscal consolidation plan
Sri Lanka sees a growing black market for fuel amid acute shortage
Lack of jet fuel in Colombo forces SriLankan, other airlines to refuel in other airports
“What the international community is looking for is long-term policy credibility and sustainability."
Sri Lanka Police says it has arrested 137 people in total over the past few days for hoarding large volumes of fuel to be sold at higher prices later.
[…]The post Recent Political Violence And Its Consequences appeared first on Colombo Telegraph.
Regional plantation companies and smallholders are harvesting green leaf and arranging deliveries
Normal and expected levels in the Port of Colombo, despite the economic and political crisis
Australia’s cricketers have raised ethical concerns about touring Sri Lanka at a time the people are suffering with power cuts and other issues. However, according to the Australian Associated Press the players have said they will support a decision from officials to precede with next month’s tour. Australia are due to fly out to Sri Lanka […]
USAID Administrator Samantha Power has assured Prime Minister Ranil Wickremesinghe USAID support. USAID Spokesperson Rebecca Chalif said that Power held a call with Prime Minister Ranil Wickremesinghe to discuss how USAID is responding to the country’s political and economic crises. Administrator Power expressed her sympathy for those Sri Lankans who were killed or injured in the […]
Sri Lanka's 2022 economic growth will see the worst ever contraction in its history - CB chief
A maximum limit has been imposed on fuel pumped into vehicles at fuel stations operated by Lanka IOC. This is in line with a similar restriction imposed by fuel stations operated by the Ceylon Petroleum Corporation (CPC). Accordingly, fuel stations will only issue fuel worth Rs. 2,500
Private and State passenger bus fares have been increased following the latest fuel price hike. The National Transport Commission said that bus fares have been increased by 19.5 percent. The minimum bus fare has been increased to Rs. 32.00. Fuel prices were increased with effect
During the past two years they have paid for all the supplies made
Sri Lanka state run and private bus fares will go up by an average of 19.5 percent
Lanka IOC (LIOC), IndianOil s subsidiary in Sri Lanka, has also decided to limit dispensing fuel volumes for vehicles at filling stations, in line with the Ceylon Petroleum Corporation s move following the recent fuel price hike.
Average Sri Lankans are struggling meet the ends with sharp increase in prices of cooking gas amid shortage.
Wijesekara made this announcement at the weekly cabinet media briefing Tuesday morning.
ECONOMYNEXT – Sri Lanka stock market slipped 0.96 percent on Tuesday (24) following a mid-night fuel hike, breaking a two-day gaining streak, Colombo Stock Exchange interim data showed.The main All Share Price Index (ASPI) fell 81.02 points to close at 8,393.47.Amidst
Sri Lanka has announced new fuel limits for vehicles today (May 24).The post Sri Lanka announces new fuel limits for vehicles appeared first on ONLANKA News - Sri Lanka News - Latest Breaking News...Click on the headline to read the full story
Experts say, “The lack of cooperation by Beijing would complicate the debt recovery journey of Sri Lanka”. The magnitude of the economic crisis that Sri Lanka is facing has reached catastrophic proportions. The whole world is astounded by the rampant mismanagement beyond the comprehension of anybody. Once an economic model of Asia, is now reeling […]
Work from home has been encouraged from today to manage the energy crisis and minimize the use of fuel. Power and Energy Minister Kanchana Wijesekera said that the public sector workforce will be called to work on the direction of the head of the institute from today. “Work from home
Sri Lanka has decided to revise fuel Prices with effect from Tuesday (May 24) 3:00 AM.The post Sri Lanka increases fuel prices after Cabinet approves pricing formula appeared first on ONLANKA News...Click on the headline to read the full story
Fuel prices have been increased with effect from today, both the Ceylon Petroleum Corporation and Lanka Indian Oil announced. The Ceylon Petroleum Corporation said that Octane 92 petrol has been increased by Rs. 82 per litre, Octane 95 petrol has been increased by Rs. 77 per litre, Auto Diesel
[…]The post Interim Government For Reform Not Consolidation appeared first on Colombo Telegraph.
The IndianOil s subsidiary in Sri Lanka has also decided to increase the fuel prices, mirroring the Ceylon Petroleum Corporation s move.