Category: Petroleum
Losing Gas
Amidst rising global gas prices, a lack of industry standards and a declining local market, auto gas companies question the logic of pumping gas in a stagnant industry.Amidst rising global gas prices, a lack of industry standards and a declining local market, auto gas companies question the logic of pumping gas in a stagnant industry. […]
Smoking Guns
The bright red pack of John Player with ‘Gold Leaf’ in gold lettering is a common sight in just about any retail outlet in Sri Lanka.Now John Player is in Courts. The bright red pack of John Player with ‘Gold Leaf’ in gold lettering is a common sight in just about any retail outlet in […]
Hotting Up
Electricity tariffs will go up by five percent come-what-may in October, though Cabinet has yet to debate the issue, CEB officials said.Electricity tariffs will go up by five percent come-what-may in October, though Cabinet has yet to debate the issue, CEB officials said. “Prices will definitely go up by at least five percent in October. […]
Gas Refill
Gas prices could go up by as much as Rs. 70 a cylinder, as the state withdraws its subsidy and Shell battles it out with the Consumer Affairs Authority.Gas prices could go up by as much as Rs. 70 a cylinder, as the state withdraws its subsidy and Shell battles it out with the Consumer […]
In Transition
The state-owned power monopoly is evaluating a proposal by NatWealth Corp.to help restructure nearly Rs. 20.0 bn of its debts. The state-owned power monopoly is evaluating a proposal by NatWealth Corp. to help restructure nearly Rs. 20.0 bn of its debts. The long-term debt stock, carries varying rates of interest between 10 percent to 13 […]
Standard Practice
Treasury Secretary Dr. P B Jayasundara said Friday that gradual changes in fuel prices are needed, but without much disruption to domestic prices. Treasury Secretary Dr. P B Jayasundara said Friday that gradual changes in fuel prices are needed, but without much disruption to domestic prices. He said that unlimited amounts of subsidies were not […]
Eating Words
Ending months of denial and suspense, the government raised petrol prices by Rs. 8.00 with effect from midnight Friday Ending months of denial and suspense, the government raised petrol prices by Rs.8.00 with effect from midnight Friday Petrol at the pump would now cost Rs.65.00 per litre. But the government shot down a suggestion by […]
Troubled Oil
State petroleum giant Ceypetco is lobbying Treasury officials to up fuel prices in July and hold it steady for about three months thereafter to allow consumers to absorb the shock.State petroleum giant Ceypetco is lobbying Treasury officials to up fuel prices in July and hold it steady for about three months thereafter to allow consumers […]
Short Break
The industrial sector will get a tariff-hike holiday in the short term when electricity prices are increased next time, assures Treasury Secretary Dr.P B Jayasundara. The industrial sector will get a tariff-hike holiday in the short term when electricity prices are increased next time, assures Treasury Secretary Dr. P B Jayasundara. The last electricity tariff […]
Putting It Up
The Ceylon Electricity Board is looking at ways of controlling Sri Lanka’s unruly street lamps that show disturbing tendencies of behaving like local politicians.The Ceylon Electricity Board is looking at ways of controlling Sri Lanka’s unruly street lamps that show disturbing tendencies of behaving like local politicians. Sri Lanka’s political culture is rubbing off even […]