Connect with us

News

Ranil urges govt. to buy fuel stocks already in Colombo port before prices skyrocket

Published

on

By Saman Indrajith

UNP leader Ranil Wickremesinghe yesterday (22) urged the government to purchase fuel shipments currently at the Colombo Port as soon as possible because the fuel and LNG prices in the global market would increase in the coming days owing to the Russia-Ukraine tensions.

Wickremesinghe, speaking in Parliament, noted that Russian forces entering into Ukraine would have an impact on fuel and LNG prices in the global market.

“Fuel and LNG prices in the global market will be increased in the coming days due to Russia-Ukraine tensions. A crude oil barrel would be priced at about USD 115. There are three fuel shipments at the Colombo Port at the moment. If we make payments now, we can purchase fuel stocks at previous prices. So, we have to find dollars to make payments for the shipments somehow. I do not know how to find the necessary dollars. But we have to do something regarding the matter. Otherwise it will affect us badly in the coming days,” he pointed out.

Wickremesinghe said that Sri Lanka would not be able to get adequate stocks of LNG as Europe had ordered large stocks from Qatar in view of the situation in Ukraine.

“With this situation, it would be better if Finance Minister Basil Rajapaksa could make a statement on Wednesday (23) before the Adjournment Motion of the Opposition is moved in the morning,” he said.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.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

Latest News

Russian Embassy, Russian House, unveil plaque at Public Library in honour of 80th anniversary of victory day

Published

on

By

(Picture by PRIYAN DE SILVA)

The Russian Embassy in Sri Lanka and the Russian House in Colombo unveiled a plaque at the public library Colombo today (29th April) in honour of the 80th anniversary of victory day.

Victory Day is celebrated on the 9th of May, the day Nazi Germany was defeated in World War II. It is an important date in the Russian calendar and an integral part of Russian culture.

The plaque was jointly unveiled by the Ambassador of the Russian Federation in Sri Lanka Lenav Dzhagaryan and Ms Maria Popova Counsellor of the Russian Embassy in Sri Lanka and Director of the Russian House in Colombo

Continue Reading

News

Ministerial committee appointed to review and further enhance ‘State Commercial Enterprises Management draft bill’

Published

on

By

It has been recognized that the state enterprises should be re – structured and maintained with proper administration with the assistance of local or foreign investments without being a continuous burden to the General Treasury and the country’s economy. Therefore, it is the policy of the new government to introduce an efficient and accountable mechanism in the regard. An initial draft named “State Commercial Enterprises Management Draft Bill” has been already prepared to introduce a new legal framework required for maintaining after performing necessary restructuring and with proper management of government owned business companies. Thereon, it will be possible to totally free the state entrepreneurship establishments from political influences and appoint professionals with proficiency for its board of directors.

Accordingly, the Cabinet of Ministers approved the proposal furnished by the President in his capacity as the Minister of Finance, Plan Implementation and Economic Development to grant policy approval of the Cabinet of Ministers for the said initial draft and appoint a special committee with the following composition to submit appropriate proposals for further enhancing after reviewing the initial draft:

• Hon. (Dr.) Anil Jayantha Fernando, Minister of Labour and the Deputy Minister of Economic Development – (Chairman)

• Hon. Sunil Handunneththi Minister of Industries and Entrepreneurship

• Hon. Wasantha Samarasinghe Minister of Trade, Commerce, Food Security and Co – operative Development

• Hon. (Dr.) Harshana Sooriyapperuma Deputy Minister of Finance Plan Implementation

Continue Reading

Latest News

Thilak Nandana Hettiarachchi appointed Commissioner General of Official Languages

Published

on

By

The Cabinet of  Ministers granted approval to the proposal submitted by the Minister of Justice and National Integration to appoint Thilak Nandana Hettiarachchi, a special grade officer in Sri Lanka Administrative Service who served in the post of Additional Secretary of the Ministry of Buddha Shasana, Religious and Cultural Affairs, to the post of Commissioner General of Official Languages with immediate effect.

Continue Reading

Trending