News
‘Sri Lanka receives 67 proposals for fuel supply’
The state owned petroleum supplier, the Ceylon Petroleum Corporation (CPC), has received 67 proposals by companies to supply petroleum products, the Minister of Power and Energy Kanchana Wijesekera said on Wednesday (25).
He said that the CPC had placed an advertisement, three weeks back, calling for proposals from companies for the supply of petroleum products to Sri Lanka.
The Minister said that the CPC had received 67 proposals and 39 of them had been shortlisted by a technical committee.
The Minister said that the Ministry and CPC officials had met representatives of the shortlisted companies on Tuesday (24).
Representatives of the shortlisted companies were informed of possible payment plans and the CPC’s requirements and the Ministry and CPC officials answered all questions posed by them, Minister Wijesekera said.
He added that the President, Prime Minister, and Ministry of Energy had requested support and credit lines from oil producing countries.
The Minister said that anyone interested in supplying petroleum products to Sri Lanka can still get in touch with the CPC and the Ministry of Energy.
“I kindly request anyone who can supply products to our requirements, and with the best pricing possible, to submit proposals to the Ministry of Energy or CPC to evaluate them, which we will do in 48 hours,” he said.
The Minister added that they had also looked at increasing the price of premium petroleum products, such as 95 octane Petrol and Super Diesel.
However, daily 95 octane Petrol and Super Diesel requirements are less than 10% of the market share and increasing their prices, significantly, will only create an artificial demand for lesser priced products, he said.
Sri Lanka has been facing fuel shortages, since February, due to its foreign reserve shortages. (RK)
Accepting deposits from political parties and independent groups who intend to contest the forthcoming Local Authorities Election ended at 12noon today [19].
Deposits were accepted at respective District Secretariats from 3rd March 2025.
The Elections Commission has announced that the deadline for the accepting of nominations for the LA poll is set to conclude at 12:00 noon tomorrow (20).
It has been reported that the former Inspector General of Police (IGP) Deshabandu Tennakoon has appeared before the Matara Magistrate’s Court this morning (19),
The former IGP had been evading arrest after the Matara Magistrate’s court had ordered his arrest regarding a shooting incident that took place in front of the W15 Hotel Pelena, Weligama, Matara, in 2023.
The government has begun recovering funds obtained by former Lands and Land Development, Environment and Wildlife Resources Minister SM Chandrasena for the Janatha Lanka Chilli Marketing Limited (JLCML), which he headed, Parliament was informed yesterday.
Agriculture, Livestock, Land, and Irrigation Minister Namal Karunaratne said that as the Chairman of JLCML, Chandrasena had obtained a loan of Rs. 1,275,000 from the Mihintale Govijana Seva Bank in 2001.
The principal of the loan had not been repaid until the end of last year. “After we came to power, we demanded that the loan be settled. Then, we discovered that the interest on the loan had not been paid for the past 24 years, and attempts had been made to have the loan written off. We stopped that and are now in the process of recovering the interest of Rs. 1,975,233 on the loan,” Karunaratne said.
Karunaratne added that JLCML was registered as a company with the Registrar of Companies on March 21, 2001. As Chairman of the company, Chandrasena requested a loan of Rs. 10 million on April 19, 2001, for the purpose of purchasing chillies from farmers in 12 farmer colonies in the Mihintale Agrarian Service area.
The request was approved by the Mihintale Agrarian Service Committee on the same day and referred to the Anuradhapura District Agrarian Operations Committee, which approved it on April 23, 2001. However, the Agriculture Development Commissioner General recommended that a loan of Rs. 1.2 million would suffice for this purpose. JLCML took the loan and failed to repay it until the end of last year. When the matter was raised, the principal was paid, and we are now in the process of recovering the interest that was not paid for the past 24 years,” Karunaratne added.
By Saman Indrajith
Accepting deposits for Local Authorities Election concludes
At least 12 dead in Honduras plane crash
Putin agrees in Trump call to pause Ukraine energy attacks but no full ceasefire
-
Foreign News4 days agoSearch continues in Dominican Republic for missing student Sudiksha Konanki
-
Features7 days agoRichard de Zoysa at 67
-
Features4 days agoThe Royal-Thomian and its Timeless Charm
-
News5 days agoDPMC unveils brand-new Bajaj three-wheeler
-
Sports2 days agoSri Lanka to compete against USA, Jamaica in relay finals
-
Features4 days ago‘Thomia’: Richard Simon’s Masterpiece
-
Features7 days agoSL Navy helping save kidneys
-
Editorial6 days agoCuriouser and curiouser!