The agreement makes China's Sinopec the first newcomer in the Sri Lankan market in 20 years, and follows months of fuel rationing triggered...

The increase, announced by Power and Energy Minister Kanchana Wijesekera, comes after the government raised electricity prices by 75 percen...

Jaishankar further stated that will be discussing the India-Sri Lanka partnership with Foreign Minister Ali Sabry, Minister of Ports, Shipp...

The move cleared the way for international oil firms to re-enter Sri Lanka for the first time since the nationalisation of oil companies in...

The provisional approvals are for two wind projects in the town of Mannar and Pooneryn, a village in the Northern province of Sri Lanka, he...

Sri Lanka will restrict fuel imports for the next 12 months as it is facing a severe shortage of foreign exchange, Minister of Power and En...

Last month, schools were closed nationwide for a day due to fuel shortages and had remained closed for the last two weeks in urban areas. S...

Power and Energy Minister Kanchana Wijesekera said new fuel shipments were being lined up but the country is struggling to raise enough fun...

A huge foreign debt has left the Indian Ocean island with none of the suppliers willing to sell fuel on credit. The available stocks, suffi...

The Ceylon Electricity Board (CEB) lost 65 billion rupees ($185 million) in the first quarter and sought an 835 percent price hike for the ...

Ceylon Petroleum Corporation (CPC) said it raised the price of diesel, used widely in public transport, by 15 percent to 460 rupees ($1.27)...

Kanchana Wijesekera said oil cargoes that were due last week did not turn up while those scheduled to arrive next week will also not reach ...

The country of 22 million people is caught in its worst financial crisis in seven decades after its foreign exchange reserves dwindled to r...

The island nation is suffering its worst economic meltdown since independence, with shortages of fuel and other vital goods making life mis...

In a message on Twitter, Wijesekera said government-set transport and other service charges will also increase correspondingly. "Work from ...

The island nation is in the worst economic tailspin of its independent history. Shortages of everything from food to cooking gas have resul...

Hit hard by the pandemic and short of revenue after Gotabaya Rajapaksa's government imposed steep tax cuts, the island nation is now also c...