Connect with us

News

Common pricing formula for CPC and LIOC under discussion

Published

on

By Saman Indrajith

Minister of Power and Energy Kanchana Wijesekera yesterday told the Committee on Parliamentary Business that discussions were being held with Lanka Indian Oil Company (LIOC) and the Ceylon Petroleum Corporation (CPC) to introduce a common fuel price formula.

A pricing formula would also bring a sense of predictability to the market that was disrupted by sudden hikes, he said.

The Minister said that he was consulting senior officers to overcome the current fuel crisis.

Wijesekera added that he would soon present to Parliament a report on the causes of the fuel crisis.

The Muthurajawela Terminal was now operating round the clock, he said.

“We have also paid for a ship carrying coal. With this we have sufficient coal until September,” he said.

The Minister added that they would prioritise fuel needed for aircraft and electricity generation. “We will introduce laws that allow airlines and the Ceylon Electricity Board to purchase fuel directly,” he said.

Minister of Trade and Minister of Samurdhi Development, Shehan Semasinghe said that steps were being taken to bring the gas supply to normalcy with the help of Indian credit lines and World Bank loan facilities.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Govt. bows to pressure, shelves Grade 6 reforms

Published

on

Nalinda

The government, under heavy Opposition fire over inclusion of a sex website in the Grade 6 English module, as well as overall education reforms, has decided to put on hold reforms in respect of Grade 6.

Cabinet Spokesman and Media and Health Minister Dr. Nalinda Jayatissa announced the government decision yesterday (13) at the post-Cabinet media briefing at the Information Department.

According to him, the decision had been taken at the previous day’s Cabinet meeting, chaired by President Anura Kumara Dissanayake. Dr. Jayatissa said that education reforms pertaining to Garde 6 had been put on hold until 2027.

The Minister said that other proposed education reforms would be implemented as planned. The Minister said that action would be taken against those responsible for the inclusion of a link to a sex website following investigations conducted by the Criminal Investigation Department and the National Education Institute.

The SJB and several other political parties, as well as civil society groups, have accused the government of promoting an LGBTQ agenda, through the proposed education reforms.

The Opposition grouping Mahajana Handa, on Monday, made representations to the Mahanayake Thera of the Malwatta Chapter regarding the controversial reforms, while urging their intervention to halt the project.

Continue Reading

News

AKD: Govt. agenda on track despite Ditwah disaster

Published

on

President Anura Kumara

President Anura Kumara Dissanayake yesterday (13) vowed to go ahead with his government’s agenda, regardless of the destruction caused by Cyclone Ditwah.

Emphasising the responsibility on the part of all to contribute to the post-Ditwah recovery efforts, President Dissanayake said that he would have complete faith in the public service.

The President said so at the launch of the re-building Sri Lanka project at the BMICH yesterday.

The JVP and NPP leader said that he wouldn’t take advantage of the death and destruction caused by the cyclone or use the situation as an excuse to reverse their agenda or weaken it.

President Dissanayake said that in spite of many calling for amending the then Budget, in view of the cyclone, the government presented the proposals that were agreed before the disaster struck.

Continue Reading

News

SL to receive 10 helicopters from US

Published

on

The United States has announced that it will provide the Sri Lanka Air Force with 10 US Navy TH-57 helicopters free of charge.

The announcement was made by outgoing US Ambassador Julie Chung, who stated, on social media, that the helicopters would be transferred under the United States’ Excess Defence Articles programme. The aircraft are Bell 206 Sea Ranger helicopters previously operated by the US Navy.

US sources said that the transfer was intended to strengthen Sri Lanka’s disaster response capabilities, following the devastating cyclone that struck the island at the end of 2025 and killed more than 600 people. US officials have framed the move as a humanitarian measure aimed at improving aerial rescue and relief operations.

Continue Reading

Trending