Price of bakery products except bread increased by Rs 5

Energy Minister issues red alert as economic crisis deepens

Energy Minister Udaya Gamanpilla has issued a red alert for Sri Lanka saying the country may run out of fuel very soon. Gamanpilla said that the Ceylon Petroleum Corporation (CPC) does not have money to purchase oil. Speaking at an event in Kaduwella today, the Minister said the crisis in the CPC was as a result of fuel being sold to the public at a concessionary rate. Gamanpilla said that fuel was continuously sold at a much lesser rate to the public than the rate it was purchased from overs

19 Feb, 2022

Central Bank Governor pushes for fuel price hike

Central Bank Governor Ajith Nivard Cabraal is pushing for a fuel price revision, saying it is long overdue. Cabraal tweeted saying petrol and diesel prices in Sri Lanka are less than half that of some countries in the region. Fuel prices were increased by both the Ceylon Petroleum Corporation (CPC) and Lanka Indian Oil Corporation (LIOC) in December. Earlier this month LIOC increased fuel prices further but fuel sold by the CPC remained unchanged. (Colombo Gazette)

19 Feb, 2022

Presidential Commission calls for probe into findings of Paranagama Commission

A Presidential Commission?has called for an investigation into the findings of the Paranagama Commission, which was appointed to probe war related disappearances. The second interim report of the Presidential Commission of Inquiry for Appraisal of the Findings of Previous Commissions and Committees and the Way Forward was handed over to President Gotabaya Rajapaksa by Supreme Court Judge A.H.M.D. Nawaz at the Presidential Secretariat, today (18). President Rajapaksa appointed the Commission of

18 Feb, 2022