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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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2 posters

    Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse

    The Invisible
    The Invisible


    Posts : 3116
    Join date : 2016-11-28
    Age : 45

    Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse Empty Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse

    Post by The Invisible Thu Mar 19, 2020 2:34 pm

    ECONOMYNEXT – Sri Lanka will keep oil prices fixed and build a 200 billion rupee fuel price stability fund, Minister Bandula Gunewardane said as global prices collapsed amid a Coronavirus pandemic.

    Taxes will be levied on fuel to take out cash from oil distributors and build a fund, which will be used to repay debt of the Ceylon Petroleum Corporation and Ceylon Electricity Board.

    The government is planning to keep fuel prices fixed for the next 12 months, he said.

    Brent Crude has fallen below 35 dollar a barrel amid a global Coronavirus pandemic.

    Sri Lanka’s new administration halted a price formula after coming to office in November 2019.

    Minister Gunewardene said in 2018, though there was a price formula the Ceylon Petroleum Corporation had run a loss of over 100 billion rupees.

    Most of the losses however had come from a foreign exchange loss, where the CPC had borrowed or had been forced to borrow dollars to run an unhedged open position.

    Similar unhedged dollar positions have been run before, including with credit from Iran.

    Economic analysts believe that such actions are done due to lack of knowledge of classic economic theory and a strong belief in Mercantilism.
    කිත්සිරි ද සිල්වා
    කිත්සිරි ද සිල්වා
    Top contributor
    Top contributor


    Posts : 9679
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    Age : 66
    Location : රජ්ගම

    Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse Empty Re: Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse

    Post by කිත්සිරි ද සිල්වා Thu Mar 19, 2020 2:36 pm

    Who will get Dollar Rich this time ?
    Last time it was Asantha De Mel.

      Current date/time is Thu Dec 12, 2024 11:08 am