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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
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The IndianOil s subsidiary in Sri Lanka has also decided to increase the fuel prices, mirroring the Ceylon Petroleum Corporation s move.
Motorists around the country have queued for fuel, but the government was unable to supply.
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In our expectations the economy will contract at the highest rate than in any other year in history
Another 40,000 MT of petrol arrived in Sri Lanka from India today, the Indian High Commission in Colombo said. The petrol was delivered to Sri Lanka as part of India’s assistance to Sri Lanka. On Saturday 40,000 MT of diesel arrived in Sri Lanka from India. The Indian High Commission in Colombo said that the diesel […]
Octane 95 Petrol has been released to the market and stocks are currently available for 6 weeks, Minister of Power and Energy Kanchana Wijesekera said. The Minister said that Octane 95 Petrol will be released to fuel station islandwide from today. He said that with two cargo vessels unloaded 95
Investor concerns over economic recovery still remains
Three shipments have arrived already. A diesel cargo on May 15 and May 21st reached Colombo.
Cabraal kept the exchange rate artificially steady while spending reserves for foreign debt repayment.
Sri Lanka, going through a crippling forex crisis, was facing severe fuel shortages over the weekend.
Forex shortage disrupt energy supplies to industries
In a tweet posted Monday morning, Wijesekara asked the public to report such vendors.
[…]The post Child’s Guide To Currency Board Systems: Steve Hanke’s Crusade For Currency Boards appeared first on Colombo Telegraph.
The public have been urged not to purchase fuel from 3rd parties. Energy Minister Kanchana Wijesekera tweeted saying investigations have revealed that some individuals are engaged in collecting fuel, mixing petroleum products with other liquids and selling them at higher rates. “Urge
Video: Sri Lanka expecting more fuel shipments in coming days (English)
Ratnayake also urged citizens to keep the upcoming GCE Ordinary Level examinations in mind when conducting protests.
Demonstrators blocked roads in several areas today demanding cooking gas. Protests were staged along the Mattakkuliya – Pettah main road and along the Baseline Road in Narahenpita today. The protesters placed empty gas cylinders and other objects and blocked the road disrupting vehicular movement. Similar protests were reported from other parts of the country as […]
The Commissioner General of Examinations says that steps will be taken to issue diesel from depots belonging to the Sri Lanka Transport Board (SLTB) for the personal vehicles of examination staff on duty for the G.C.E. Ordinary Level examination this year.
Fuel was being supplied until late afternoon Saturday until stocks ran out.
It has 90,000 metric tonnes of Siberian Light Crude
Money printing triggers excess outflows, forcing the currency down and triggering parallel exchange rates
Sri Lankan police on Sunday started a nationwide raid on those hoarding diesel or petrol for resale, a police spokesman told journalists in Colombo.The post Sri Lanka starts nationwide raid on...Click on the headline to read the full story
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Special arrangements are in place to provide fuel to examination staff tomorrow (May 22), the Commissioner-General of Examinations, L.M.D. Dharmasena says.