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State Minister assures enough petroleum stocks until June next year

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D.V. Chanaka

State Minister of Power and Energy, D.V. Chanaka, assured the public on Thursday (19) that there is no imminent risk of a fuel shortage in Sri Lanka. He explained that Sri Lanka’s fuel imports remain unaffected by the ongoing conflict between Israel and Palestine.

Chanaka emphasized that tenders for fuel imports needed until June 2024 have already been successfully completed, ensuring a continuous supply of fuel during that period. The government’s decision to entrust the supply of fuel to China’s Sinopec is expected to result in substantial foreign exchange savings, estimated to be over 500 million U.S. Dollars.

During a press briefing at the Presidential Media Centre (PMC) under the theme ‘Collective Path to a Stable Country,’ State Minister D.V. Chanaka highlighted the recent fuel crisis faced by the country, with shortages and long queues at gas stations. However, he mentioned that this situation was resolved swiftly.

He pointed out the fluctuation in crude oil prices in the global market, with prices varying from $50 per barrel in January 2022 to $100 per barrel due to factors such as the Russian-Ukrainian conflict. While there was a slight decrease in crude oil prices earlier this year, recent events in the Gaza Strip led to a 4% increase in fuel prices worldwide, offsetting the relief from falling crude oil prices. Although Israel and Palestine are not major fuel producers or distributors, the potential involvement of Iran added to the global market’s uncertainty.

Chanaka emphasized that despite these global conflicts, Sri Lanka’s fuel imports have continued without disruption. The government has also allowed three other suppliers, including China’s Sinopec, to provide fuel to the country. Sinopec has already commenced operations in Sri Lanka, resulting in savings of approximately 40 million USD in foreign exchange per season. These measures are expected to contribute to saving more than 500 million USD in foreign exchange annually.

Furthermore, these actions have helped reduce the risk to the dollar reserves held by the Ceylon Petroleum Corporation, and efforts are underway to pass on these benefits to consumers. Chanaka also mentioned the establishment of a reserve of 200 million USD for oil purchases, a noteworthy step in Sri Lanka’s energy security.



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Sun directly overhead Kalpitiya, Talawa, Sinharagama, Galkadawala, Nachchaduwa, Padikaramaduwa, Gomarankalla and Verugal about 12.10 noon today (01)

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The sun is going to be directly over the latitudes of  Sri Lanka from 28th of August to 07th of  September due to its apparent southward relative motion.

The nearest places of Sri Lanka over which the sun is overhead today (01) are Kalpitiya, Talawa, Sinharagama, Galkadawala,
Nachchaduwa, Padikaramaduwa, Gomarankalla and Verugal about 12.10 noon.

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SJB asks what Speaker intended to do about allegations against CJ

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… stresses need for action if claims were proved false

Samagi Jana Balawegaya (SJB) MP Dayasiri Jayasekera has sought a clarification from Speaker Dr. Jagath Wickremaratne regarding several allegations against Chief Justice Preethi Padman Surasena, in Parliament, recently.

In a letter dated 31 August, Jayasekera has asked the Speaker whether he received any documentary evidence from MPs in support of the allegations at issue. The SJB MP has also inquired about the steps taken by the Speaker regarding the allegations and whether the issue had been taken up with the relevant agencies authorised to probe the assets of the CJ and members of his family.

MP Jayasekera confirmed that he had raised the issue with the Speaker, following the accusations relating to the high profile X-Press Pearl case, which received significant public attention in the recent past.

The Kurunegala District MP has also asked the Speaker whether the latter contemplated taking action in case the allegations were proved false to ensure that the dignity of the Chief Justice and the judiciary was safeguarded.

Among the issues raised by MP Jayasekera are the acquisition of valuable property in Colombo by the CJ’s son, the circumstances in which he was able to procure the property, as well as accusations regarding the CJ’s birth certificate, marriage certificate and birth certificates of his children.

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Navy Chief attends strategic-level discussions in Delhi

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Navy Chief Vice Admiral Damian Fernando held a series of strategic-level discussions with senior Indian defence and military officials during a three-day official visit to New Delhi. He returned on Sunday (30).

Navy Headquarters said that the two sides discussed ways to further strengthen maritime security cooperation between the two Navies in support of security in the Indian Ocean region. They also exchanged views on expanding training opportunities and capacity-building programmes, as well as other areas of bilateral importance.

During his visit to New Delhi, Vice Admiral Fernando also held official discussions with India’s Chief of Defence Staff, General N.S. Raja Subramani, Defence Secretary Rajesh Kumar Singh and Vice Chief of the Air Staff, Air Marshal Ashutosh Dixit and defence industry representatives. Discussions at these meetings focused on bilateral defence cooperation, joint training programmes, and opportunities to enhance air and maritime cooperation in the Indian Ocean Region.

As part of efforts to further expand cooperation in naval training and professional development, Vice Admiral Fernando also met Vice Admiral Sameer Saxena, Flag Officer Commanding-in-Chief of India’s Southern Naval Command, at its headquarters in Kochi, Kerala. The two sides discussed existing naval training exchange programmes and opportunities for introducing and expanding further training initiatives. The meeting followed the Commander of the Sri Lanka Navy’s visit to INS Dronacharya, the Indian Navy’s training establishment where he previously completed the Long Gunnery and Missile Course.

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