Crisis-hit Lanka starts fuel rationing

Sri Lanka's state-owned petroleum corporation announced fuel rationing for vehicles with effect from Friday, as an unprecedented economic crisis roils the country. IMAGE: A woman waits in line to......

Are Rajapaksas' Days Numbered?

In what appears to be more trouble for President Gotabaya Rajapaksa and his elder brother Prime Minister Mahinda Rajapaksa's government, the main Opposition Samagi Jana Balawegaya party on Friday......

Sri Lanka plunges into 10-hour daily power cut as fuel crisis worsens

The Sri Lankan government on Wednesday extended the nationwide daily power cuts from seven hours to 10 due to the non-availability of fuel to generate hydro-electricity. IMAGE: People stand in a......

Army deployed in petrol pumps as fuel shortage cripples Sri Lanka

Sri Lanka on Tuesday deployed military personnel at State-run petrol pumps to monitor and manage fuel distribution amidst a shortage that led to serpentine queues of consumers outside filling......

Sri Lanka scraps 2nd deal, to re-acquire IOC's oil tanks

Sri Lanka will re-acquire 99 World War II-era oil storage tanks leased to Indian Oil Corporation in the eastern port district of Trincomalee, Energy Minister Udaya Gammanpila announced on......

India to help Lanka develop regional petro hub; IOC signs pact

India will help Sri Lanka develop its Trincomalee town as a regional petroleum hub and Indian Oil Corporation has reached a joint-development pact with Ceylon Petroleum Corporation, Prime Minister......

IndianOil to set up refinery in Sri Lanka for Rs 20,000 cr

Indian Oil Corporation will set up its first refinery outside India with an investment of up to Rs 20,000 crore (Rs 200 billion) in Sri Lanka.It will thus become the second Indian company to have a......

Reliance on oil hunt in Lanka

Mukesh Ambani-controlled Reliance Industries is drawing up plans to invest in oil and gas exploration, production and refining in Sri Lanka.Seismic surveys have indicated that the island nation has......