Category: Petroleum

Over 5000 workers at Ceypetco’s Kolonnawa terminal and its Colombo head office staged a walkout on rumours the government will go ahead with plans to sell off petroleum assets to India’s Bharat petroleum. Over 5000 workers at Ceypetco’s Kolonnawa terminal and its Colombo head office staged a walkout on rumours the government will go ahead […]

Local electricity authorities are trying to encourage consumers to save on electricity by lending the funds for investment in energy saving schemes.Local electricity authorities are trying to encourage consumers to save on electricity by lending the funds for investment in energy saving schemes. A proposal to set up an Rs 30 mn fund to finance […]

Ceylon Tobacco will pilot an effort to harvest energy off trees in a joint dendro power project with Lanka Transformers, due to get off ground in August.Ceylon Tobacco will pilot an effort to harvest energy off trees in a joint dendro power project with Lanka Transformers, due to get off ground in August. The slender […]

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 […]

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. […]

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 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 […]

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 […]

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 […]

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 […]

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 […]