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......

Time For India to Lend Sri Lanka A Helping Hand

New Delhi has a chance to rid itself of its image as the bully in the subcontinent by helping a neighbour tackle problems that India, for once, has no role in creating.It should grab the......

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......

Lanka may run out of fuel by April end; India's credit exhausting rapidly

Sri Lanka may run out of diesel by the end of this month with the USD 500 million line of credit extended by India for fuel purchase exhausting fast amidst the unprecedented shortage of foreign......

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......

Sri Lanka to cancel Indian coal plant deal; proposes LNG instead

Area residents and environmental groups have resisted the coal power plant ever since it was originally proposed in 2006 due to worries about land clearance and pollution Sri Lanka will cancel......

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......