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Ceylon petroleum corporation News

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Local News

CPC Reassures Public: No Fuel Shortage as Massive Crude Shipments Near Colombo Port.

13 hours ago

The Ceylon Petroleum Corporation has confirmed that there is no risk of a fuel shortage in Sri Lanka, with 180,000 metric tons of crude oil expected to arrive shortly.

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CPC Reassures Public: No Fuel Shortage as Massive Crude Shipments Near Colombo Port
Image Credit : lankacnews.com
Local News

Unlocking New Horizons: CanCham SL Spearheads Canada-Sri Lanka Economic Integration.

The newly established Canadian Chamber of Commerce in Sri Lanka (CanCham SL) has officially launched a strategic roadmap to boost bilateral trade, investment, and innovation, positioning Sri Lanka as a vital gateway for Canadian businesses within the Indo-Pacific.

May 19, 2026 at 12:09 AM
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Local News
Sri Lanka’s Fuel Import Spending Spikes: CPC Reports Significant Increase in 2026 Outlays
Image Source : magzter.com

Sri Lanka’s Fuel Import Spending Spikes: CPC Reports Significant Increase in 2026 Outlays.

May 18, 2026 at 4:07 AM
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Business
Ceylon Chamber Spearheads Strategic Business Mission to Mumbai to Boost Indo-Lanka Economic Ties
Image Source : smecentre.lk

Ceylon Chamber Spearheads Strategic Business Mission to Mumbai to Boost Indo-Lanka Economic Ties.

May 11, 2026 at 5:34 AM
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Sri Lanka’s Economic Resilience Tested as Frequent Fuel Hikes Trigger Cost-of-Living Crisis
Image Source : m.economictimes.com
Local News•
May 4, 2026 at 5:43 AM

Sri Lanka’s Economic Resilience Tested as Frequent Fuel Hikes Trigger Cost-of-Living Crisis.

Sri Lanka is navigating a challenging economic period as a series of rapid fuel price increases, driven by global market volatility and conflict in West Asia, places intense pressure on household budgets and national inflation.

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Local News

Fuel Retailers Dispute CPC’s Profit Claims Amid Allegations of Margin Reductions.

May 4, 2026 at 3:07 AM

Fuel dealers are challenging the CPC's reported Rs. 36.4 billion profit for 2025, alleging that the figure is inflated due to unauthorized cuts to their profit margins. Dealers claim the margin was unilaterally reduced from 3% to 1.5%, threatening the closure of nearly 200 fuel stations.

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Fuel Retailers Dispute CPC’s Profit Claims Amid Allegations of Margin Reductions
Image Credit : lankatalks.com
Local News

Sri Lanka’s Tea Sector Faces Existential Crisis Amidst Regional Turmoil and Rising Costs.

The Planters' Association of Ceylon is calling for urgent reform of industry cost structures as the tea sector grapples with 45% export dependency on Middle Eastern markets currently threatened by instability in the Strait of Hormuz.

May 3, 2026 at 2:33 AM
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Local News
Palm Oil Industry Advocates for Policy Reform to Bolster Sri Lanka's Economy
Image Source : lankanewsweb.net

Palm Oil Industry Advocates for Policy Reform to Bolster Sri Lanka's Economy.

May 1, 2026 at 8:16 AM
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Local News

Sarmad Abbasi Appointed as New MD and CEO of Ceylon Tobacco Company.

Ceylon Tobacco Company PLC has announced the appointment of Sarmad Abbasi as its new Managing Director and CEO, effective May 1, 2026, succeeding Fariyha Subhani.

April 28, 2026 at 9:04 AM
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Opposition Alliance Initiates Probe into Alleged Ceylon Petroleum Corporation Diesel Import Irregularities
Image Source : newswire.lk
Local News•
April 27, 2026 at 7:14 AM

Opposition Alliance Initiates Probe into Alleged Ceylon Petroleum Corporation Diesel Import Irregularities.

The Joint Opposition Alliance has formally requested the Bribery Commission to investigate alleged financial irregularities and procurement corruption within the Ceylon Petroleum Corporation (CPC) regarding diesel imports.

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Local News

Sri Lanka Launches Probe into Lanka Coal Company Procurement Practices.

April 26, 2026 at 12:29 AM

The Sri Lankan government has initiated a Special Presidential Commission of Inquiry to investigate procurement irregularities at the Lanka Coal Company, following the resignation of the Energy Minister and Ministry Secretary.

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Sri Lanka Launches Probe into Lanka Coal Company Procurement Practices
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Local News
Ceylon Petroleum Corporation Confirms Fuel Supply Stability Through May
Image Source : logistics.maritimeprofessional.com

Ceylon Petroleum Corporation Confirms Fuel Supply Stability Through May.

April 26, 2026 at 12:28 AM
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Local News
CPC Calls for Regulatory Intervention Against Hiru TV Over Misleading Oil Price Reports
Image Source : newscenter.lk

CPC Calls for Regulatory Intervention Against Hiru TV Over Misleading Oil Price Reports.

April 20, 2026 at 11:15 AM
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Economy

Ceylon Petroleum Corporation Clarifies High-Cost Fuel Imports Amid Market Volatility.

The CPC Chairman clarified that reports of crude oil being purchased at $286 per barrel were inaccurate, explaining that the high cost applied to refined diesel due to global supply chain pressures.

April 17, 2026 at 9:45 AM
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Sri Lanka Secures Fresh Crude Oil Supply Amid Regional Supply Chain Shifts
Image Source : list.lk
Local News•
April 16, 2026 at 10:35 AM

Sri Lanka Secures Fresh Crude Oil Supply Amid Regional Supply Chain Shifts.

Sri Lanka is set to receive a major shipment of 97,500 metric tonnes of crude oil as the CPC stabilizes fuel supply chains despite global geopolitical tensions.

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Local News

CID Seals Lanka Coal Company Headquarters Amid Wide-Ranging Corruption Probe.

April 11, 2026 at 3:16 PM

Criminal Investigation Department officers have sealed the premises of Lanka Coal Company (Pvt) Ltd following a presidential request to investigate potential irregularities in coal imports dating back to 2009.

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CID Seals Lanka Coal Company Headquarters Amid Wide-Ranging Corruption Probe
Image Credit : news.lk
Local News
President Dissanayake Outlines Strategy to Bolster Domestic Industry and Curb Illicit Imports
Image Source : whitehouse.gov

President Dissanayake Outlines Strategy to Bolster Domestic Industry and Curb Illicit Imports.

April 8, 2026 at 2:03 PM
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Local News
Ceylon Chamber of Commerce Engages IMF on Economic Risk Mitigation
Image Source : island.lk

Ceylon Chamber of Commerce Engages IMF on Economic Risk Mitigation.

April 7, 2026 at 8:52 PM
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Local News
Sri Lanka Secures Energy Supplies: US Crude Oil Shipment Expected in May
Image Source : athavannews.com

Sri Lanka Secures Energy Supplies: US Crude Oil Shipment Expected in May.

April 7, 2026 at 4:06 PM
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Unlocking Sri Lanka's Strategic Edge: Beyond Traditional Resources
Image Source : ft.lk
Economy•
April 6, 2026 at 4:26 AM

Unlocking Sri Lanka's Strategic Edge: Beyond Traditional Resources.

Sri Lanka’s economic future lies in leveraging its strategic maritime location and renewable energy potential rather than seeking traditional underground wealth, provided the nation focuses on institutional reform and administrative competence.

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