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