Thursday, Mar 23, 2023
×
Outlook.com
×

Sri Lanka Fuel

'The Ball Is In Sri Lanka's Court', Says China On Debt Restructuring Request

Sri Lankan has been urging China to restructure its debt as the nation continues to reel under an acute economic crisis

28 August 2022

Crisis-Hit Sri Lanka Lowers Fuel Prices, First Since Feb

The diesel and petrol retail prices have been reduced by Rupees 20 each. Both had been raised by Rs 50 and 60 at the end of May

18 July 2022

Bread Prices Up By Rs 20, Other Items By Rs 10 In Crisis-Hit Sri Lanka

The decision to hike the prices was taken due to an increase in price of a kilogramme of wheat flour by Rs 32 on Monday, Sri Lanka's Daily Mirror news website quoted the All Ceylon Bakery Owners’ Association President N.K....

12 July 2022

Sri Lanka's Inflation Surges Over 60% In July

The year-on-year inflation based on the Colombo Consumer Price Index was 60.8 per cent in July, the Department of Census and Statistics said in a statement

30 July 2022

Business Continuity Plan In Place For Sri Lanka Operations, Says HCL Tech CEO

The Indian IT services company has about 1,500 employees in Sri Lanka, a nation that is facing an economic and political crisis

13 July 2022

How Sri Lanka's Economic Crisis Led To Implosion Of Its Polity

Demonstrators, who have been protesting outside the President’s office for the past few months, stormed inside the premises and were reportedly seen jumping into the swimming pool, entering the kitchen and grabbing...

11 July 2022

Sri Lanka’s Economic Collapse Needs Immediate Global Attention: UN Experts

The experts noted that this crisis has had a serious impact on the enjoyment of human rights for the entire population

21 July 2022

Advertisement

Lankans took to streets in early April demanding President Rajapaksa's resignation

A Lankan Build-Up In India

As Sri Lanka grapples with an economic crisis owing to botched economic policies and unmanageable debt, alarm bells are going off in some states in India

10 July 2022

Advertisement
10 July 2022
Lankan PM Wickremesinghe Offers To Resign To Make Way For All-party Government; Rajapaksa's Whereabouts Unknown

Lankan PM Wickremesinghe Offers To Resign To Make Way For All-party Government; Rajapaksa's Whereabouts Unknown

Wickremesinghe was appointed by the president after his elder brother Mahinda Rajapaksa was forced to resign in May, amidst massive anti-government protests


10 July 2022
IMF Closely Monitoring Situation In Lanka; Hopes For Political Crisis Resolution To Resume Bailout Deal Talks

IMF Closely Monitoring Situation In Lanka; Hopes For Political Crisis Resolution To Resume Bailout Deal Talks

The IMF has concluded a round of policy-level talks with Prime Minister Wickremesinghe who is also Finance Minister and there were some financial issues to be...


27 June 2022
Sri Lanka To Run Only Essential Services Till July 10 Amid Acute Fuel Shortage

Sri Lanka To Run Only Essential Services Till July 10 Amid Acute Fuel Shortage

The Sri Lankan government said talks were held with India for a fresh credit line and negotiations are underway to buy discounted Russian oil.


19 June 2022
Sri Lanka Reaches Out To Russia For Cruide Oil Amid Acute Fuel Shortage: Minister

Sri Lanka Reaches Out To Russia For Cruide Oil Amid Acute Fuel Shortage: Minister

Russian state companies are reportedly giving crude oil at lower prices to countries that can afford to pay.


13 June 2022
Lanka Electricity Chief Resigns After Withdrawing Remark On Adani Group Deal

Lanka Electricity Chief Resigns After Withdrawing Remark On Adani Group Deal

The resignation of MMC Ferdinando, the chairman of state-owned power entity Ceylon Electricity Board (CEB), has been accepted, energy minister Kanchana...


Advertisement

07 June 2022
Sri Lanka PM Wickremesinghe Hints At Opting For Fuel Rationing Amid Economic Crisis

Sri Lanka PM Wickremesinghe Hints At Opting For Fuel Rationing Amid Economic Crisis

Wickremesinghe said that India, China and Japan are leading the list of countries that provided Sri Lanka with loans and assistance during the worst financial...


28 May 2022
Sri Lanka Crisis: Protesters To Intensify Agitation Against President Gotabaya Rajapaksa

Sri Lanka Crisis: Protesters To Intensify Agitation Against President Gotabaya Rajapaksa

The protest occupying the entrance to Gotabaya's office to demand his resignation entered its 50th day on Saturday.


15 May 2022
What India Can Learn From Sri Lankan Economic Crisis

What India Can Learn From Sri Lankan Economic Crisis

While India has extended a helping hand to the island country, there could be trouble brewing in its own backyard with economists and public policy experts...


07 May 2022
Sri Lankan Crisis: PM Rajapaksha Under Pressure To Resign, President Faces Flak For Announcing Emergency

Sri Lankan Crisis: PM Rajapaksha Under Pressure To Resign, President Faces Flak For Announcing Emergency

Sri Lankan Prime Minister Mahinda Rajapaksa has repeatedly defied calls to quit while his brother President Gotabaya Rajapaksha has come under fire for...


03 May 2022
India Extended Economic Assistance Of Over $3 Billion To Debt-Ridden Sri Lanka In 2022

India Extended Economic Assistance Of Over $3 Billion To Debt-Ridden Sri Lanka In 2022

On Monday, India had extended its current credit line by a further $200 million to replenish Sri Lanka’s rapidly depleting fuel stocks.  


24 April 2022
IMF To Support Sri Lanka’s Efforts To Overcome Economic Crisis

IMF To Support Sri Lanka’s Efforts To Overcome Economic Crisis

The crisis is caused in part by a lack of foreign currency, which has meant that the country cannot afford to pay for imports of staple foods and fuel, leading...


Advertisement

19 April 2022
Sitharaman Assures Lankan Counterpart Of All Possible Assistance From India

Sitharaman Assures Lankan Counterpart Of All Possible Assistance From India

Sri Lanka, which is on the brink of bankruptcy, is grappling with an unprecedented economic turmoil, the worst since its independence from Britain in 1948.


19 April 2022
Sri Lanka Crisis: President Rajapaska Admits Mistakes, Says Fertiliser Ban Was Wrong

Sri Lanka Crisis: President Rajapaska Admits Mistakes, Says Fertiliser Ban Was Wrong

Sri Lankans are going through extreme hardships as there is severe shortage of vehicular fuel, cooking gas, and even food and medicines.


18 April 2022
Lankan President Gotabaya Rajapaksa Appoints New Cabinet Amid Economic Crisis

Lankan President Gotabaya Rajapaksa Appoints New Cabinet Amid Economic Crisis

Rajapaksa on Monday appointed a new 17-member Cabinet that excluded his close relatives except Prime Minister Mahinda Rajapaksa


15 April 2022
Crisis-Hit Lanka Seeks India’s Help For Cooking Gas Supply

Crisis-Hit Lanka Seeks India’s Help For Cooking Gas Supply

Sri Lanka is currently experiencing its worst economic crisis in history. With long lines for fuel, cooking gas, essentials in short supply and long hours of...


15 April 2022
Sri Lanka Rations Fuel As Country Faces Its Worst Financial Crisis

Sri Lanka Rations Fuel As Country Faces Its Worst Financial Crisis

Limit is Rs 1,000 for two-wheelers per visit to fuel pump, Rs 1,500 for three-wheelers, Rs 5,000 for four-wheelers. Buses, lorries and commercial vehicles are...


12 April 2022
Crisis-Hit Sri Lanka Announces Debt Default

Crisis-Hit Sri Lanka Announces Debt Default

The debt servicing suspension will be in force for an interim period pending an orderly and consensual restructuring consistent with the proposed arrangement...


Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement