Indian Exim Bank pledges USD 500mn Credit Line to Sri Lanka for financing oil imports
Export-Import Bank of India has entered into an agreement with Sri Lanka, to support a USD 500 million Credit Line for the purpose of financing purchase of …
Petroleum
Sri Lanka needs price formula to avert future energy crisis
Regional fuel prices are significantly higher than Sri Lanka Sri Lanka pitches into darkness and its people form lines at fuel stations due to the ongoing …
Hambantota Port to begin MGO fuel bunkering operations; first supply vessel calls at port
Oil tanker ‘Sunny Bay’ carrying 15,000 metric tons of Marine Gas Oil (MGO), called at the Hambantota International Port (HIP) on the 23rd January. …
PUCSL decision on power interruption
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, has decided to reconsider the proposal made by the Ceylon Electricity …
Find solutions to power crisis without disrupting lives of people, says President
President Gotabaya Rajapaksa stressed that steps should be taken to find a solution to the power crisis without disrupting the lives of the people. The …
Sri Lanka agrees to settle CPC’s outstanding bill to Iran by exporting Ceylon Tea
Sri Lanka's Plantation Ministry and the Ministry of Industries, Mines and Trade of Iran agree to formulate a scheme for the settlement of a sum of US$ …
PUCSL is ready to regulate LP Gas; standard already formulated
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator and the designated regulator for the petroleum industry, together with …
Committee appointed to investigate recent incidents of LPG explosions
President Gotabaya Rajapaksa has appointed a Committee to look into the recent incidents of Liquefied Petroleum Gas (LPG) cylinder fires and explosions that …
New USAID 5-year, USD 19m project supports Sri Lanka’s renewable energy goals
On November 17, the United States Agency for International Development (USAID) announced its new $19 million, 5-year Sri Lanka Energy Program. Once finalized, …
Ceylon Petroleum Corporation to build new storage facility at Hambantota International Port
The Ceylon Petroleum Corporation (CPC) signed a Memorandum of Understanding with the Hambantota International Port Group (HIPG), last week to develop …
State-of-the-art Petroleum Testing Laboratory at Hambantota International Port
The Hambantota International Port (HIP) will partner Intertek Lanka (Pvt) Ltd to establish a state-of-the-art petroleum testing laboratory which will be unique …
Cabinet approval to introduce a methodology to protect petroleum consumers
Sri Lanka's cabinet has approved a proposal to sign a Memorandum of Understanding with the relevant government agencies in order to implement the draft …
We maintained stabilized prices for over a year despite global price increase: Litro Gas Lanka
With the COVID-19 pandemic impacting markets across the world and the currency fluctuations taking place, the global prices of LPG as one of the world’s most …
Power mafia is conspiring to shut down PUCSL: National Coalition for Protection of Civil Rights
Dec 21, 2020 (LBO) – Electricity Mafia is conspiring to shut down the Public Utilities Commission of Sri Lanka as the Commission will not approve illegal …
Pearl Energy to set up LNG Hub in Hambantota; aims LNG trading in the region
Aug 24, 2020 (LBO) – The Board of Investment of Sri Lanka has signed an agreement with Pearl Energy (Pvt) Ltd to launch ‘Hambantota LNG Hub’ – A …
Sri Lanka to set up crude oil price stabilization fund
Mar 19, 2020 (LBO) – Sri Lanka will set up a crude oil price stabilization fund to absorb the shocks in global price fluctuations without changing the local …
Women in the workforce and why it matters for Sri Lanka: World Bank
To mark this year’s International Women’s day, we're discussing how Sri Lanka can benefit from more women joining the workforce and what can be done to …
Japan strengthens Sri Lanka Coast Guard’s oil spill combat expertise
An expert team of five Japan Coast Guard (JCG) officials including two National Strike Team members specialized for combatting oil spill incidents and two …
CPC fuel supply, deciding factor for Sri Lanka’s main power outages
Feb 26, 2020 (LBO) – Continuous fuel supply from Ceylon Petroleum Corporation (CPC) has become the principal deciding factor for an uninterrupted power …
Sri Lanka raids and finds substandard lubricants products worth Rs. 2.5Mn
Feb 19, 2020 (LBO) - Sri Lanka carried -out an Island-wide raid on substandard and unauthorised lubricants products as the Consumer Affairs Authority (CAA) …