Category: Petroleum

Electricity tariffs were jacked up by about seven percent last week, taking not just consumers, but ironically, the sector regulator, by surprise.Electricity tariffs were jacked up by about seven percent last week, taking not just consumers, but ironically, the sector regulator, by surprise. The Public Utilities Commission (PUC) says it was not consulted on the […]

Sri Lanka gets OPEC help to ease its hefty fuel bill, even as a tariff hike for diesel is with Cabinet and an increase in water tariffs also on the cards. Sri Lanka gets OPEC help to ease its hefty fuel bill, even as a tariff hike for diesel is with Cabinet and an increase […]

Electricity tariffs will go up by about seven percent from November 1, with no price change for domestic users who fall under the 90 unit band.Electricity tariffs will go up by about seven percent from November 1, with no price change for domestic users who fall under the 90 unit band. The Ceylon Electricity Board […]

Local gas consumption is expected to slide further following recent price hikes, but market mover, Shell, says it is still loosing millions of rupees each day. Local gas consumption is expected to slide further following recent price hikes, but market mover, Shell, says it is still loosing millions of rupees each day. Shell Gas Lanka […]

The government is trying to sell its watered down electricity sector reform plans to lending agencies and top up sector funds this month. The government is trying to sell its watered down electricity sector reform plans to lending agencies and top up sector funds this month. “The government will meet with the ADB and JBIC […]

India’s energy sector currently going through an overhaul might see state owned Bharat Petroleum merge with Indian Oil Corp., with repercussions for Sri Lanka. India’s energy sector currently going through an overhaul might see state owned Bharat Petroleum merge with Indian Oil Corp., with repercussions for Sri Lanka. Indian news wires on Thursday said that […]

The Public Utilities Commission will kick off work as a multi-sector watchdog, shadow regulating electricity services and later, the unbundled Ceylon Electricity Board.The Public Utilities Commission will kick off work as a multi-sector watchdog, shadow regulating electricity services and later, the unbundled Ceylon Electricity Board. But the recent Cabinet decision only gives the Commission a […]

The Water Board has asked for Danish help to fund a water treatment plant on the right bank of the Kelani River to bridge a 20-mn gallon a day shortfall to Greater Colombo.The Water Board has asked for Danish help to fund a water treatment plant on the right bank of the Kelani River to […]

Shell Gas may have to jack up prices by as much as Rs.100 a cylinder come September, as it battles a price build up that’s straining its bottom-line.Shell Gas may have to jack up prices by as much as Rs. 100 a cylinder come September, as it battles a price build up that’s straining its […]

Cabinet Spokesperson Mangala Samaraweera said Thursday that Cabinet approval for an electricity tariff hike was deferred, after no agreement was reached on how much.Cabinet Spokesperson Mangala Samaraweera said Thursday that Cabinet approval for an electricity tariff hike was deferred, after no agreement was reached on how much. “Cabinet didn’t want tariffs for the first 90 […]

A proposed 23 percent wage hike for Ceylon Electricity Board employees will be taken up tomorrow, appeasing trade unions that threatened to strike work on Wednesday. A proposed 23 percent wage hike for Ceylon Electricity Board employees will be taken up tomorrow, appeasing trade unions that threatened to strike work on Wednesday. The proposed wage […]