RM Parks of USA to enter Sri Lanka’s fuel retail market in December
2023-11-17
US-based petroleum distribution company, RM Parks will commence operations in Sri Lanka next month, Minister of Power and Energy KanchanaContinue Reading
Opposition demands inquiry into alleged substandard diesel imported
2023-11-07
Opposition Leader MP Sajith Premadasa has called for an inquiry into the distribution of substandard fuel from an oil tankerContinue Reading
Fuel QR system : Clarification from minister
2023-10-16
Minister of Power and Energy Kanchana Wijesekera has refuted reports claiming a discussion has been held to re-introduce the NationalContinue Reading
Minister reveals why fuel prices increased
2023-09-01
Fuel prices have been increased due to the significant increase in the Platts prices over the last 3 months, MinisterContinue Reading
Three-wheeler fares : Association calls for regulatory authority
2023-08-01
Three-wheeler fares will not be revised until fares are specifically regulated through a regulatory authority, the Three-wheeler Owners Association stated.Continue Reading
Sinopec fuel cargo : Update from Minister
2023-08-01
The first fuel cargo of China Petroleum & Chemical Corporation (Sinopec) has commenced discharging and the second cargo will arriveContinue Reading
New Gazette issued declaring several sectors as essential services
2023-07-18
A new Gazette notification has been issued extending the services of power, petroleum, and health as essential services. Accordingly, theContinue Reading
Fuel distribution to continue on Saturday & Sunday
2023-06-02
The Ceylon Petroleum Corporation (CPC) and the Ceylon Petroleum Storage Terminals Limited (CPSTL) have been instructed to continue fuel deliveriesContinue Reading
Petro giant Sinopec inks agreement to enter local fuel market
2023-05-22
The contract agreement to permit China Petroleum & Chemical Corporation (Sinopec) to enter Sri Lanka’s fuel retail market was signedContinue Reading
New players for fuel market to use cost-reflective pricing
2023-05-08
Final negotiations are underway between Sri Lankan authorities and the foreign companies that have been approved to enter the localContinue Reading
Fuel Quota: New update from Energy Ministry
2023-04-25
The Ministry of Power and Energy has decided not to revise the fuel quota that was amended in view ofContinue Reading
LIOC refutes social media rumours on vehicle fuel capacity
2023-04-19
The Lanka Indian Oil Company (LIOC) has refuted reports circulating on social media pertaining to vehicle fuel capacity. LIOC saidContinue Reading
Fuel distribution : Update from minister
2023-03-29
Fuel distribution commenced at the Kollonnawa and Muthurajawela terminals at 6.00 am today, Minister of Power and Energy Kanchana WijesekeraContinue Reading
Significant drop in fuel demand : CPC fuel consumption details
2023-03-10
The Ministry of Energy has shared a breakdown of the Ceylon Petroleum Corporation’s (CPC) retail and industrial fuel sales recordsContinue Reading
Japan announces USD 46 Mn grant for SL’s health sector
2023-02-22
Japan has decided to provide humanitarian grant assistance of USD 46 million to Sri Lanka, the Japanese Embassy in ColomboContinue Reading
Minister reveals profitability of petroleum products
2023-02-18
The Ceylon Petroleum Corporation (CPC) has reported its fuel cost breakdown as of 18th February 2023, reporting a profit forContinue Reading
Japanese Government to fund fuel for the health sector
2023-02-14
The Japanese government has agreed to provide USD 38 million to Sri Lanka for the purchase of fuel, mainly Diesel,Continue Reading