Petroleum

Plugging Leaks

Ceypetco is pinning hopes on extended supplier credit from Malaysia and formula adjusted prices to plug a Rs. online pharmacy buy abilify with best prices …

Backfired

Largely JVP led unions refuse to consider an alternate reform model for the loss making Electricity Board, rejecting the new Cabinet paper that was passed on …

Backdoor Move

Ceylon Electricity Board unions staged a walkout on Friday protesting against a Cabinet paper passed two days ago, they say was shoved through the backdoor. …

Ball Game

Laugfs Gas is seeking legal advice to raise prices on a cylinder of LPG, despite the consumer watchdog shooting down its request for a Rs. online pharmacy …

Oil Pains

COLOMBO (Dow Jones)--As Sri Lanka's energy companies wilt under the weight of high oil prices, pressure is building on the government to remove gasoline …

About to Blow

Ceylon Electricity Board unions (CEB) will go on a half day token strike tomorrow, protesting against a Cabinet paper to restructure the loss making utility. …

Petropolitics

Government subsidized petroleum based products by up to Rs. 16 billion last year and face a similar subsidy this year if fuel prices continue at current levels …

Tweaking Terms

Sri Lanka plans to change the terms of controversial petroleum asset sale deal, mandating a third player to secure fuel supplies from state-run Ceypetco's …

May Day Resolutions

Sri Lanka's government has promised lending agencies to turn a new leaf after May Day, kicking off the process with a hike in fuel prices, LBO learns. online …

Deaf Ears

Sri Lanka's Central Bank is banging its head against the wall trying to convince a deaf government to raise fuel prices, as the exchequer groans under …

Slippery Grounds

Ceylon Petroleum Corporation says its operations are not viable unless the government sticks to the pricing formula agreed to as part of the sector …

Watchout

The IMF said Thursday that rising living standards in China and the rest of the developing world will keep oil prices sky-high for decades to come, with even …

Switched Off

Electricity sector trade union plans for an island wide blackout, goes on hold after the government agrees to hold back Ceylon Electricity Board (CEB) reforms. …

Unplugged

Power sector unions are giving the state till Friday to decide on controversial reform plans for the loss making Ceylon Electricity Board, ahead of a key union …

Soaring High

Major airlines face greater losses than last year because of the ongoing surge in oil prices, the main industry association warned Monday as it forecast total …

Blackout

Ceylon Electricity Board has started restoring power to the grid starting from Colombo city after supply to the entire country failed. buy intagra online …

Climbing Up

World oil prices hit fresh historic high points on Monday, climbing above 58 dollars a barrel in New York on tight supplies, as OPEC began consultations to …

Backup Power

Sri Lanka's monopoly power utility was scrambling to restore power late Monday evening after two transmission lines tripped causing an islandwide blackout. …

Darkness @ Noon

Monopoly electricity supplier Ceylon Electricity Board (CEB) has reported a record loss for last year and said it would face a severe cash crisis this month …

Cross Purposes

Trade unions angry at attempts to overhaul the state utility the Ceylon Electricity Board, pitch against each other as anti-privatisation unions meet the …