Fuel procurement News
Latest conceptually matching events and reports for Fuel procurement.
Sri Lanka Launches Ambitious Bid to Become Green Hydrogen Export Hub.
Sri Lanka has officially invited global investors to participate in green hydrogen and ammonia projects, aiming to leverage its renewable energy potential and maritime location to generate $1 billion in annual export revenue by 2030.
President Dissanayake Signals Potential Adjustment to Fuel Prices Amid Global Market Pressures.
President Anura Kumara Dissanayake has signaled that small increases in fuel prices may be unavoidable due to rising global costs and Middle East instability, despite significant government subsidies currently in place.
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.
Government Approves Price Relief Mechanism for Petrol and Diesel Amid Global Market Instability.
The Sri Lankan government has approved a subsidy scheme to stabilize fuel prices, providing up to LKR 20 per liter for 92 Octane petrol and LKR 100 per liter for auto diesel starting March 22, 2026.
