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Local News

CPC Chairman Sells Official Luxury Vehicle to Fund Employee Transport.

May 13, 2026 at 10:45 AM

The Ceylon Petroleum Corporation (CPC) Chairman has sold his official BMW to purchase two buses for staff transport, prioritizing employee welfare over luxury vehicle maintenance.

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CPC Chairman Sells Official Luxury Vehicle to Fund Employee Transport
Image Credit : en.wikipedia.org
United States
US Accelerates Oil Reserve Release to Combat Global Energy Market Volatility
Image Source : fortune.com

US Accelerates Oil Reserve Release to Combat Global Energy Market Volatility.

May 12, 2026 at 6:02 AM
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Local News
Fuel Retailers Dispute CPC’s Profit Claims Amid Allegations of Margin Reductions
Image Source : lankatalks.com

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

May 4, 2026 at 3:07 AM
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Local News

SINOPEC Reevaluates $3.7 Billion Hambantota Refinery Amid Local Market Share Disputes.

China’s SINOPEC has stalled the $3.7 billion Hambantota oil refinery project, citing concerns that the current 20% local market allocation is insufficient for economic sustainability, with reports suggesting they are seeking a 30% share.

May 4, 2026 at 12:18 AM
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BP Profits Skyrocket as Global Oil Markets React to Iran War Disruptions
Image Source : finance-monthly.com
Economy•
April 28, 2026 at 6:52 PM

BP Profits Skyrocket as Global Oil Markets React to Iran War Disruptions.

BP has reported a massive surge in first-quarter profits, more than doubling to $3.2 billion, as the Iran-linked conflict caused global oil market volatility and price spikes.

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Energy

China Eyes Fuel Export Resumption as Domestic Stockpiles Surge.

April 28, 2026 at 4:00 AM

State-owned Chinese oil giants, including Sinopec and CNPC, are seeking government approval to restart gasoline and diesel exports in May, following a period of reduced processing and high domestic inventory levels.

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China Eyes Fuel Export Resumption as Domestic Stockpiles Surge
Image Credit : klse.i3investor.com
Local News
Opposition Alliance Initiates Probe into Alleged Ceylon Petroleum Corporation Diesel Import Irregularities
Image Source : newswire.lk

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

April 27, 2026 at 7:14 AM
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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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Sri Lankan Fuel Dealers Urge Presidential Intervention Over Commission Cuts
Image Source : nbc.com.pg
Local News•
April 18, 2026 at 11:14 AM

Sri Lankan Fuel Dealers Urge Presidential Intervention Over Commission Cuts.

The Petroleum Dealers’ Association has appealed to President Anura Kumara Dissanayake to address financial hardships caused by a new, tiered fuel commission structure that replaced the previous percentage-based model.

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Economy

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

April 17, 2026 at 9:45 AM

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.

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Local News
Sri Lanka Secures Fresh Crude Oil Supply Amid Regional Supply Chain Shifts
Image Source : list.lk

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

April 16, 2026 at 10:35 AM
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Local News
Laugfs Gas Secures 7,000 MT Stock to Stabilize Festive Season Supply
Image Source : tamil.indianexpress.com

Laugfs Gas Secures 7,000 MT Stock to Stabilize Festive Season Supply.

April 7, 2026 at 12:05 PM
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Local News
President Dissanayake Addresses Parliament on Impending Fuel Shipments and Middle East Crisis Impact
Image Source : themorningtelegraph.com

President Dissanayake Addresses Parliament on Impending Fuel Shipments and Middle East Crisis Impact.

April 7, 2026 at 7:43 AM
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Fuel Station Operators Announce Nationwide Silent Protest Over Operational Grievances
Image Source : colombotimes.net
Local News•
April 5, 2026 at 6:57 AM

Fuel Station Operators Announce Nationwide Silent Protest Over Operational Grievances.

Fuel station owners are staging a silent protest in front of the CPC to demand revisions to the current distribution system and address issues regarding their profit margins and fuel supply irregularities.

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Business

Chevron Lubricants Lanka Achieves Historic LKR 4 Billion Profit Milestone.

April 2, 2026 at 8:05 AM

Chevron Lubricants Lanka has marked a historic milestone by surpassing LKR 4 billion in annual earnings for the first time in its 32-year operating history, driven by strong sales volume growth.

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Chevron Lubricants Lanka Achieves Historic LKR 4 Billion Profit Milestone
Image Credit : seekingalpha.com
Local News

Boosting Export Continuity: EDB and CPC Strategize on Fuel Supply Solutions.

The Export Development Board and Ceylon Petroleum Corporation have held a critical discussion with export industry stakeholders to address fuel distribution challenges and ensure prioritized supply for key sectors.

April 2, 2026 at 6:45 AM
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