Sri Lanka has started negotiations with Iran, India and China to purchase necessary requirement of fuel at present on a long term credit line deal.
Minister of Energy Udaya Gammanpila has already held discussions with the High Commissioners of India, China and India on the possibility of entering into a 6-month credit line deal to import crude oil and refined petroleum focusing attention on financial concerns arisen due to a dollar scarcity, Energy Ministry sources said.
According to Minister Gammanpila, a sum of US$2 billion is needed to procure fuel sufficient for six months.
The current negotiations are being carried out successfully; he said adding that although world oil prices are fluctuating at a slightly low level compared to earlier prices, the government is not in a position to reduce local fuel prices.
Meanwhile Treasury bonds amounting to Rs.56.66 billion had been issued to settle dues of Ceylon Petroleum Corporation recently (CPC), out of which Rs.25.21 billion and Rs.31.44 billion are due to mature on 01.01.2022 and 01.01.2032, respectively, a senior Treasury official said.
This will enable the CPC to get over Rs.56 billion and it has to repay it with interest before the bond maturity rate, he added. (BS)
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
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Cabinet has approved a proposed amendment to the Constitution that a referendum would be required to extend the Presidential and Parliamentary term beyond five years.
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