u/PositionPractical584

Fuel queues: Sri Lanka puts private suppliers on notice

Fuel queues: Sri Lanka puts private suppliers on notice

So the international market fuel prices have risen sharply, private fuel suppliers who don’t have tax revenue to cushion their losses reduced the fuel released to the market.

Isn’t that how a business works? You can’t exactly expect them to sell fuel at a loss and continue doing so and then compare it to the CPC which is a SOE and has the treasury to bail them out so they don’t have to worry about losses as much as a private entity would.

Why not just allow free market pricing? CPC can sell at a cheaper rates and the Pvt suppliers can charge international and competitive rates.

News link : https://www.newswire.lk/66pr

u/PositionPractical584 — 9 days ago
▲ 111 r/srilanka

Is Sexism really this deeply interwoven with culture here?

I wonder how the high the sexism will go if she mentioned how second hand smoke increases a non-smokers risk of developing lung cancer by 20-30%.

u/PositionPractical584 — 2 months ago

CPC's massive diesel loss in May is a procurement problem, not a price problem.

In May, CPC said it needed LKR 650 per litre to break even on diesel. The world market said LKR 451. The gap sits in procurement, not in prices.

Applying the Singapore benchmark to Sri Lanka's fuel pricing formula, a litre of diesel should have cost LKR 451 to recover - implying a loss of LKR 59 against the LKR 392 pump price. CPC reported a cost-recovery price of LKR 650, implying a loss of LKR 258 per litre.

The near LKR 200 difference is not explained by world prices. It is the extra CPC paid above the market to procure the fuel.

In April, the Singapore benchmark averaged about USD 190 per barrel. CPC's reported cost implies procurement at about USD 268 - roughly 40% above the market average. The benchmark crossed USD 268 on only two days that month.

Sources : https://publicfinance.lk/en/topics/cpc-s-massive-diesel-loss-in-may-is-a-procurement-problem-not-a-price-problem-1782371984

u/PositionPractical584 — 4 months ago

Rs. 20? pfft… That changes nothing…

“Motorists at fuel stations have largely described the Government’s recent Rs. 20 fuel price reduction as insufficient, arguing that it provides little relief amid the rising cost of living.

Many called for further reductions that better reflect lower global oil prices, while noting that wages have not kept pace with increases in fuel, food and other essential goods.”

There was one motorist that said “the government is trying to fix this country using only the fuel price increases” or something similar.

u/PositionPractical584 — 4 months ago

Lakmali Hemachandra targeting NCPA?

So the whole Pallegama Hemarathna SAing that 11 year old girl case is being slowly phased out of media circulation as expected when you consider the parties involved.

But recently there has been this other issue where one of the NPP parliamentarians Lakmali Hemachandra wants to bring up a privilege issue in parliament concerning the NCPA.

Her main issue is this the NCPA Attorney at law, Sajeevani Abeykoon filed a motion in court because the police were dragging their feet in making the arrest for almost a whole month. NPP MP stated that her filing a motion in court “demoralized police and gave critics additional ground to criticize the govt”

The whole thing is pretty pathetic from that NPP MP and from the NPP in general since they’re responsible for those representing their party, But I really hope this isn’t a repeating issue where doing anything to criticize the govt is now punished.

If the NCPA gets gutted what happens to the children who need protection in our country? especially protection from powerful people like in this case?

Oh and again, hats off to Sajeevani Abeykoon really proud that she’s an attorney of law. Shame on the NPP Mp.

Source : https://themorningtelegraph.com/44017/

u/PositionPractical584 — 4 months ago

Media Suppression via Regulatory authority?

You guys have probably seen this talk of establishing a regulatory authority for media professionals, which is all good and well to combat fake news.

But when you look closer it seems like the media minister will have full rights in punishing journalists and deciding on disciplinary measures. Isn’t that an extremely dangerous precedent?

Like if the govt doesn’t like a journalist and their reporting practices or maybe the journalist highlights a govt failure somewhere, like loosing 2.5 million in govt funds, they could pull something up and have them punished or suspend their license, that would in turn possible make them loose their job and maybe not get rehired at a news station.

Even if you’re a fan of the current govt you can’t be so much of a fan that you put them above taking revenge.

https://www.newswire.lk/2026/06/10/sri-lanka-working-journalists-association-warns-draft-bill-threatens-media-freedom/

u/PositionPractical584 — 4 months ago

ACJU disputes Police statement, Says suspect is not a Moulavi

u/PositionPractical584 — 5 months ago

Tightening QR code implementation? Reducing quota.

Anyone else have a feeling they’ll slowly cut down quotas in the near future?

This kinda like how they said they do any CPC price increase till September and recently raised prices.

u/PositionPractical584 — 5 months ago

When fuel subsidies sink exchange rate, why increase vehicle tax?

We’re currently getting dragged through the mud on the exchange rate and let’s not deflect by saying it’s only due to the war.

It’s also due to these subsidies, the government refuses to reduce them and instead taxes other random things. Why?

https://www.dailymirror.lk/breaking\_news/When-fuel-subsidies-sink-the-rupee-why-increase-the-tax-on-vehicles/108-340788?fbclid=IwdGRleAR7rslleHRuA2FlbQIxMQBzcnRjBmFwcF9pZAo2NjI4NTY4Mzc5AAEeZ\_ZibNkAgc53Ukd1-YAAWiEpnqjE5ykQRZLlYuMFi3uir7KY0LQdeiQJhjg\_aem\_xUg4c-tVAiYvJ9XmG9RYoQ

u/PositionPractical584 — 5 months ago

Chief of Defense staff to be Abolished?

Anyone know why the government did this? Do we not need a Chief of Defence anymore? So now the chief of defense powers will all come under the minister of Defence?

So trying to concentrate as much power in the hands of a few people and avoid the checks and balances?

The govt has given no reasoning whatsoever as to why they did this, they just gazetted it and moved on. But this is a huge decision to make, wtf is this.

Source : https://www.newswire.lk/2026/05/17/bill-to-repeal-chief-of-defence-staff-act-gazetted/

u/PositionPractical584 — 5 months ago

Another fuel price increase incoming

Source : https://adaderana.lk/news.php?nid=122459

Ok so as the news article says the government is planning another fuel price increase soon.

Ever since the mayday rally we got hit with an 18% electricity tariff and now they’re planning another fuel price increase which will likely be followed by another electricity price increase.

Bear in mind the article also mentioned that the govt is spending billions to subsidize diesel at the moment so they will likely continue that trend.

They like to flaunt the fact that they don’t take loans so the money has to come from somewhere. Till now the only SOE that is turning a good profit is the customs department so get ready for indirect taxes to get altered as time goes.

We’ve beaten our target for Tax revenue (through significant tax hikes, direct and indirect) so in order to continue that trend they’ll need to squeeze more money.

Where will they get that money? If you looked at the trend over the last 18months, it’ll probably come from the middle class as usual.

Best advice is to buy solar and buy an electric vehicle ASAP continuing to depend on the govt grid and fuel will cost everyone dearly in the future.

Sad thing is with all these other subsidies the govt can’t be bothered offering subsidies for Solar panels + installation (strictly off grid only since they govt keeps saying the grid can’t handle solar power export). So due to that shortsightedness it’ll cost a pretty penny to go solar but I’ll be worth it in the long run.

u/PositionPractical584 — 5 months ago

I wonder if these will be reversed or since most people would’ve spent it or would now spend it once they see this news article.

So will the government deduct it from the next month payment, I highly doubt it because April’s amounts was a one time larger payment and people/voters will be very upset not getting their welfare next month.

So most like the amount will get divided into installments and paid over several months…hopefully.

Still taxpayers are picking up the bill again, and majority of the taxpayer base is the middle class.

Source:

https://www.dailymirror.lk/breaking\_news/Aswesuma-funds-paid-twice/108-339650

u/PositionPractical584 — 5 months ago