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Information has been received from some districts that consumers have doubled the amount of fuel they usually purchase and some filling stations have doubled the amount they sell daily, Minister of Transport Bimal Rathnayake told Parliament yesterday.
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The Commission to Investigate Allegations of Bribery or Corruption told the Colombo Chief Magistrate’s Court today that former SriLankan Airlines CEO Kapila Chandrasena, while giving a statement, declared that he had given a sum of 60 million obtained as a bribe to then President Mahinda Rajapaksa in connection with the problematic 2016 Airbus deal.
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Lawyers for former SriLankan Airlines CEO Kapila Chandrasena have submitted an affidavit to the Colombo Magistrate’s Court, alleging that his earlier statement to the Commission to Investigate Allegations of Bribery or Corruption was obtained under coercion and intimidation.
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While long queues are still witnessed in most parts of the country, Ceylon Petroleum Corporation (CPC) sources yesterday said that while all fuel shipments ordered for April have been confirmed, Sri Lanka is facing a severe shortage of storage facilities to store the fuel and may not be able to place any further orders.
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A fresh electricity tariff hike proposal has sparked controversy after the Public Utilities Commission of Sri Lanka (PUCSL) revealed that the Ceylon Electricity Board (CEB) has requested a 13.56% increase in power tariffs for the second quarter of 2026, despite unresolved fuel agreements, disputed cost estimates, and billions in past debts now set to be passed on to consumers.
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In the wake of the International Energy Agency releasing over 400 million barrels of emergency oil reserves, Energy Minister Kumara Jayakody said yesterday the government is taking steps to procure fuel
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In light of the media coverage concerning ongoing court proceedings in Sri Lanka related to allegations of financial fraud involving the use of Binance accounts by certain individuals, Binance, an Abu Dhabi Global Markets licensed exchange with a fully KYC-ed user base globally, said these allegations pertain solely to the actions of specific parties
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In the midst of escalating conflict in the Gulf, Sri Lanka’s daily tourism revenue at risk has been estimated at half a million US dollars, according to a top official from the Sri Lanka Tourism Development Authority.
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Health services across the country are likely to be affected due to the prevailing fuel shortage, with doctors warning that the limited fuel quota allocated under the QR code system is insufficient for them to report for duty and carry out essential medical services.