News

Prez assures energy supplies for the time being

Published

2 months ago

2026/03/12

President Anura Kumara Dissanayake arrives at the Chamber of Lankan Entrepreneurs (COYLE) for its 2026 Annual General Meeting in Colombo on Tuesday afternoon (10). (Pic courtesy PMD.)

… but current assessment won’t be valid if Gulf war continues for more than two months

President Anura Kumara Dissanayake said that though continuous energy supply could now be assured it would be only possible to forecast and guarantee this reliably for a maximum period of two months. If the Middle East war continued beyond this two-month window, predictions based on current assessments would no longer hold, the President said.

President Dissanayake made these remarks addressing the Chamber of Lankan Entrepreneurs (COYLE) 2026 Annual General Meeting held in Colombo Monday afternoon (10). This year’s Annual General Meeting was held under the theme “Bridging Generations, Building Futures”.

“The President noted that although internal shocks have been overcome, the country is currently facing an external shock due to the war situation in the Middle East. Since the beginning of March, the price of a barrel of crude oil has increased by about 42 per cent, creating significant uncertainty in the global market. He added that uncertainty can also be observed in consumer behaviour in Sri Lanka, citing as an example the increase in diesel sales from 4,500 kilolitres on 1 March to 10,500 kilolitres by 3 March.

President Anura Kumara Dissanayake pointed out that while the crisis in 2022 arose due to a shortage of US dollars, the current situation is a supply crisis caused by disruptions in supply chains. He stated that this challenge can be overcome if everyone responds collectively rather than individually. He further noted that the government has established an “Economic Monitoring Committee” to address the crisis and is holding discussions with friendly countries to maintain supply chains.

However, at present we are facing an external shock. The war situation in the Middle East is disrupting the supply of goods and services. The world is interconnected through markets. In such an interconnected global system, any shock arising in one sector affects us as well. Therefore, the key question is how we withstand these external shocks.

At the beginning of March, a barrel of crude oil was priced at approximately USD 70. It has now risen to around USD 100, representing an increase of roughly 42%. Oil prices continue to fluctuate significantly, creating a climate of uncertainty worldwide. This situation has impacted all nations, generating economic pressures and in some cases, social strain. It is important to note that citizens are not to be blamed for these challenges. The consequences of fuel and gas shortages have been experienced directly by the population. In response, citizens have been lining up at fuel stations. Sales of diesel began with 4,500 litres on the first day of March and increased to 10,500 litres by 3 March.

Petrol sales initially rose from around 4,000 kilolitres to approximately 9,000 kilolitres, but have now fallen back below 6,000 kilo litres. Therefore, it is important to emphasise that no individual can remain safe or unaffected in isolation. If everyone collectively takes responsibility and acts together to address this challenge, it is only through such shared effort that we can overcome it for the benefit of all.

These external shocks are exerting a tangible impact on us, which has necessitated an increase in fuel prices. Approximately 47% of our fuel market is controlled by external entities, which makes it essential to establish trust with them. At the same time, it is important to bring fuel availability back to normal consumption levels. The recommendation is that, through collective effort, we should work together to reduce further for the benefit of all.

This is an era in which technology and science have given unprecedented power to warfare. As a result, it is impossible to predict the impact of such advanced military operations over the long term. Short-term forecasts are possible, but if the conflict continues beyond that period, no one can reliably predict the outcomes. Therefore, assurance can be provided that energy supply will be maintained over the next two months, however, prices may fluctuate. I am neither an owner of an oil well nor a representative of any oil company. These actions are not undertaken for personal profit. However, as a government, there is a responsibility to ensure an uninterrupted supply of energy.

All necessary measures have been put in place to manage internal pressures effectively. We have been able to address these domestic challenges, but confronting external shocks will require additional time. We are currently navigating a path of recovery and progress, which naturally entails encountering certain pressures. However, these challenges are being carefully managed and efforts are on-going to mitigate their impact. It is essential that everyone collectively faces these pressures, acting with consideration not only for oneself but for the welfare of the entire community. Consequently, some adjustment to consumption patterns is necessary. Unlike stable economies, nations facing global crises cannot rely solely on habitual consumption practices. In times of crisis, restraint and prudent economic behaviour are indispensable. I urge everyone to adopt a degree of moderation and participate in careful economic practices. By doing so collectively, we can successfully navigate this crisis and emerge stronger. “

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Food Security is vital to ensuring a Nation’s Sovereignty and National Security – Prime Minister

Published

17 hours ago

2026/04/30

Priyan

Prime Minister Dr. Harini Amarasuriya stated that, in the face of the turbulent global environment prevailing today, agriculture is confronting significant challenges, and that food security is a crucial factor affecting a country’s stability, sovereignty, and national security.

The Prime Minister made these remarks on 28 of April at the Waters Edge, Battaramulla, while addressing the National Youth Agripreneur Showvase and B2B connect Conference organised under the Smallholder Agribusiness Partnership Programme (SAPP), funded jointly by the International Fund for Agricultural Development (IFAD) and the Government of Sri Lanka. The programme aims to empower rural youth to engage in agribusiness ventures.

Addressing the gathering, the Prime Minister further stated:

“I commend the organisers for successfully conducting this event despite the various challenges faced by the country.

You are playing an important role in both the agricultural sector and the national economy. I am happy to witness talented agri-entrepreneurs such as yourselves.

Food security, founded on agriculture, directly impacts a nation’s national security. Concepts such as ’Grow and Sell’ contribute significantly to strengthening the production economy.

During the COVID crisis, as well as amidst the current conflicts in the Middle East, it has become evident that if countries lack food security, their economies become vulnerable. Even a minor decision taken by leaders can disrupt supply chains.

Climate change also poses serious challenges to agriculture. When climatic and environmental conditions become difficult to predict, agriculture itself is threatened. In such a context, your contribution as agri-entrepreneurs goes beyond earning an income. It is also a direct contribution to the nation’s food security and, consequently, to national security. Your talents and innovations are important not only to yourselves, but to the people of the country as a whole”.

The Prime Minister also expressed gratitude for the support extended by institutions such as IFAD and SAPP, and conveyed best wishes to the country’s creative entrepreneurial youth.

The occasion was attended by the Minister of Agriculture, Livestock, Land and Irrigation K.D. Lalkantha; Deputy Minister of Industry and Entrepreneurship Development Chathuranga Abeysinghe; Secretary to the Ministry of Agriculture, Livestock, Land and Irrigation D.P. Wickramasinghe; Additional Secretary of the Ministry Lathisha Priyanthi; Director of SAPP Sunimal Chandrasiri; and several other distinguished guests.

(Prime Minister’s Media Division)

News

Explanation sought from AKD on ‘Russian energy supplies’

Published

18 hours ago

2026/04/30

Sahan Weerasooriya

Wasantha

The National Patriotic Front (NPF) has said the NPP government owes the public an explanation regarding the status of negotiations with Russia to secure energy supplies.

NPF General Secretary Dr. Wasantha Bandara said that Sri Lanka was in such a desperate situation, the current dispensation couldn’t, under any circumstances, miss the opportunity to reach consensus with Russia in this regard.

Dr. Bandara was responding to The Island query in the wake of the NPF, in a letter, dated 27 April, warning President Anura Kumara Dissanayake of the catastrophic consequences for the country if it failed to obtain energy supplies on affordable terms.

Alleging that various interested parties, within the government, and the Western diplomatic community, hindered the successful conclusion of an agreement/agreements between Sri Lanka and Russia, Dr. Bandara pointed out that those in authority seemed to have conveniently forgotten that Sri Lanka received two Russian delegations. In late March and early April 2026, Russian Deputy Energy Minister Roman Marshavin and Deputy Foreign Minister Andrey Rudenko, visited Colombo where the focus was on long-term fuel supplies, investment, and tourism.

Dr. Bandara said that Anura Karunatilleke, who succeeded Energy Minister Kumara Jayakody, embroiled in the coal scam, was yet to meet the Russian Ambassador in Colombo Levan Dzhagaryan, who wants to explore ways and means of expediting the process. Instead,

British High Commissioner Andrew Patrick meets Energy Minister
Karunatilleke and Deputy Civil Aviation Minister Janaka Ruwan Kodithuwakku

Karunatilleke and Deputy Civil Aviation Minister Janaka Ruwan Kodithuwakku recently met British High Commissioner Andrew Patrick, Dr Bandara said. Referring to BHC post that they discussed how Sri Lanka could maximise its ports and airports, including through existing and new UK partnerships, alongside UK support for green energy, particularly offshore wind, Dr. Bandara emphasised that the UK and EU struggling to meet their own energy demands couldn’t help Sri Lanka.

In the NPF letter to President Dissanayake, Dr. Bandara alleged that Sri Lanka could secure a barrel of Russian crude for USD 150 to 160 whereas procurement through India cost a lot more. The NPF emphasised the responsibility on the part of the NPP government to maintain close relations with China, Russia and Iran, Sri Lanka’s long-time friends.

The NPF has urged President Dissanayake to intervene without further delay to ensure national interest in this matter is given utmost importance.

Dr. Bandara pointed out that those in charge of coal procurement told a parliamentary committee how the trouble started after Sri Lanka moved from Russian coal to South African products through disgraced Indian firm Trident Chemphar Ltd. Dr. Bandara asserted that political parties, represented in Parliament, should take up this matter vigorously and shouldn’t be distracted by vile NPP strategies.

By Shamindra Ferdinando

News

US reiterates its commitment to enhancing relations with Northern Sri Lanka

Published

18 hours ago

2026/04/30

Sahan Weerasooriya

The US Embassy in Sri Lanka, on April 26, celebrated the 15th anniversary of American Corner Jaffna (ACJ), highlighting its longstanding role in connecting communities in Northern Sri Lanka with the United States through programmes focused on education, innovation, and American values. The Embassy also inaugurated the new “Freedom 250 Pavilion,” part of the global Freedom 250 initiative commemorating 250 years of American independence, the Embassy said in a press release issued yesterday (27)

Speaking at the event, US Embassy Public Affairs Officer Menaka Nayyar said: “American Corner Jaffna reflects the United States’ commitment to sharing American values, culture, and ideas with the people of Northern Sri Lanka. On July 4, 2026, the United States will celebrate 250 years of independence—a milestone that highlights our founding ideals and partnerships around the world, including here in Jaffna. Through the new Freedom 250 Pavilion and our programs, we invite the community to engage with the United States and learn more about our history, society, and innovation.”

In 2025 alone, ACJ hosted nearly 400 programmes, reaching more than 10,000 participants. Located at No. 23, Athiyady Road, Nallur, Jaffna, American Corner Jaffna provides free access to resources on the United States, English language learning, educational advising, and skills-based programming.

Established in 2011, in partnership with the Jaffna Social Action Centre, American Corner Jaffna was created as a platform for direct engagement with local communities—offering opportunities to learn about the United States while building skills in critical thinking, leadership, and innovation.

Launched in the post-conflict period, the Corner has played a key role in connecting emerging leaders in Northern Sri Lanka with ideas, resources, and opportunities rooted in American experience and perspectives. The Freedom 250 Pavilion expands ACJ’s capacity to host interactive programmes and community events, reinforcing the Corner’s role as a dynamic space for collaboration, dialogue, and learning.

Individuals can take part in free programmes by visiting American Corner Jaffna in person, contacting the Corner at 021 222 0665 or via email at info@americancornerjaffna.com, and following American Corner Jaffna on Facebook (facebook.com/amcornerjaffna) for the latest updates on events, registration, and membership opportunities.