Crisis-hit Sri Lanka opens fuel market to foreign firmsThe move cleared the way for international oil firms to re-enter Sri Lanka for the first time since the nationalisation of oil companies in...
18 Oct, 2022, 10.51 PM IST
Sri Lanka economic crisis: Fuel prices hiked as US delegation arrivesCeylon Petroleum Corporation (CPC) said it raised the price of diesel, used widely in public transport, by 15 percent to 460 rupees ($1.27)...
26 Jun, 2022, 10.29 AM IST
Cash-strapped Sri Lanka gets Russian oil to ease shortagesThe island nation is suffering its worst economic meltdown since independence, with shortages of fuel and other vital goods making life mis...
28 May, 2022, 04.51 PM IST
Sri Lanka starts fuel rationing amidst severe economic crisisAccording to the Ceylon Petroleum Corporation (CPC) statement, now motorcycles and other two-wheelers can purchase fuel upto worth Rs 1,000...
15 Apr, 2022, 05.01 PM IST
Sri Lankan foreign minister to hold talks with JaishankarIndia on Wednesday extended a USD 500 million (one million is equal to Rs 10 lakhs) credit line to Sri Lanka to help it purchase petroleum ...
06 Feb, 2022, 02.50 PM IST
Sri Lanka looking at $500 mn fuel credit line from IndiaSri Lanka is looking at getting a USD 500 million fuel credit line from India even as both sides are eyeing to further expand energy cooper...
07 Jan, 2022, 10.23 PM IST
Sri Lanka, India ink deal to jointly redevelop strategic World War II-era Trincomalee Oil Tank ComplexThe World War II-era oil storage facility, with a capacity of nearly 8 million barrels of oil, located in the strategically advantaged port...
06 Jan, 2022, 10.32 PM IST
Sri Lanka seeks $500 mn loan from India for fuel purchaseThe state-run Ceylon Petroleum Corporation (CPC) owes nearly USD 3.3 billion to the two main government banks -- Bank of Ceylon and People'...
17 Oct, 2021, 12.39 PM IST
Arjuna Ranatunga arrested over fatal shooting in Sri Lanka amid political crisisOne person succumbed to his injuries and two others were hospitalised in the shooting incident and a security personnel was arrested at the...
29 Oct, 2018, 06.27 PM IST
Indian Oil denies role in Sri Lanka fuel crisisThe Lanka Indian Oil Company (c) yesterday received flak for the fuel shortage after motorists lined up in long queues at petrol stations.
07 Nov, 2017, 11.43 AM IST
Sri Lankan trade union fuel stir against IOC's Trincomalee petroleum refineryThe Ceylon Petroleum Corporation Trade Union Collective has threatened to launch an indefinite strike from Monday midnight against Colombo’...
25 Apr, 2017, 12.30 AM IST
Sri Lanka workers to strike against proposed oil deal with IndiaCeylon Petroleum Corporation Trade Union Collective workers have threatened to cripple entire transportation sector in the country.
23 Apr, 2017, 04.50 PM IST
Sri Lanka, India to partner on oil storage project: PM Modi"A joint task force will be constituted soon to work out the modalities. India stands ready to help Trincomalee become a regional petroleum...
13 Mar, 2015, 01.31 PM IST
- IOC must supply diesel at lower price or face action
The Sri Lankan government has asked LIOC, the Lankan subsidiary of India's oil major Indian Oil Corporation, to reduce diesel prices on par...
20 Jun, 2008, 11.44 AM IST
- Lanka IOC losses to touch $ 6.3 million every month
Lanka IOC, a subsidiary of Indian Oil Corporation, is fearing losses of about 6.3 million dollars every month following the steep hike in i...
27 May, 2008, 01.42 PM IST
- LIOC losing $6 mn per month on spiralling crude prices
The Sri Lankan subsidiary of Indian Oil Corporation is incurring a loss of nearly $ 6 million a month due to the steep rise in global crude...
10 Nov, 2007, 01.15 PM IST
- IOC looking at having oil refinery in Lanka's Trincomalee
Lanka IOC is the only private oil company other than the state-owned Ceylon Petroleum Corporation (CPC) that operates retail petrol station...
15 Oct, 2007, 12.43 PM IST