by Krishana Prasain in The Kathmandu Post, Dec 3, 2023Prime Minister Pushpa Kamal Dahal flew to Dubai on Wednesday to attend the 28th Conference of Parties to the United Nations Framework Convention on Climate Change (COP 28) and spoke on climate finance Nepal seeks from the international community. In his speech at the summit, Dahal said, “Nepal is fully committed to the Paris Agreement. We are committed to achieving net zero greenhouse gas emission by…
Posts tagged as “fuel”
report in Daily FT, Sept 2, 2023Sinopec Energy Lanka yesterday announced revised fuel prices, but with a competitive edge over other two established players in the market — Ceylon Petroleum Corporation (CEYPETCO) and the Lanka Indian Oil Corporation (LIOC). The China-based company wasted no time in making its presence felt by offering lower fuel prices compared to its local competitors. As per the latest price revision of Sinopec, a litre of 92 Octane Petrol is…
By Amith Gamage in Ceylon Today, Aug 19, 2023It has been revealed that though Sri Lanka had received fuel from Iran, in exchange for tea, during the early part of last year, to tide over its dollar and economic crisis, thus far the Government has failed to keep up its promise to Tehran. It has come to light that though Sri Lanka had received USD 250 million worth of fuel from Iran, the Government has…
By Shiran Ranasinghe in The Island, Mar 30, 2023 A significant number of fuel filling station owners had stopped placing orders with the Ceylon Petroleum Corporation (CPC) due to an announcement by Energy Minister Kanchana Wijesekera that fuel prices would be significantly reduced in the first week of April. According to a spokesperson for the Fuel Distributors’ Association of the CPC, a reduction of approximately Rs 100 per litre of fuel would result in a…
By Asiri Fernando in The Sunday Morning, Mar 26, 2023The Government is considering the release of nearly 450 fuel stations held under the Treasury to the three new international players that are to enter the local fuel market once approved by the Cabinet, The Sunday Morning learns. According to a senior official at the Ministry of Power and Energy, the State-owned properties of the 450 fuel stations are expected to be allocated to the three…