Sri Lanka Original Narrative Summary: 01/07

Date:

  1. CPC revises the prices of fuel with immediate effect: Petrol 92 up by Rs.10 per litre to Rs.328 per litre: Petrol 95 reduced by Rs.20 to Rs.365: Auto Diesel reduced by Rs 2 to Rs 308: Super Diesel increased by Rs.6 to Rs.346: Kerosene reduced by Rs.9 to Rs.236.
  2. President Ranil Wickremesinghe expresses confidence that Sri Lanka would overcome its bankruptcy status by September 2023: calls for collective efforts to support the Govt’s initiatives, particularly the Domestic Debt Optimization.
  3. Committee on Public Finance headed by SJB MP Harsha Silva approves the Govt’s Domestic Debt Restructuring programme: Party leaders decide to debate the DDR programme in Parliament on 1 July.
  4. Dept of Census says Rate of Inflation, as measured by the CCPI decreased to 12% in June 2023, compared to 25.2% in May 2023, displaying the higher “base effect”: Food-Inflation drops to 4% in June from 21% in May while Non-Food-Inflation decreases to 16% in June from 27% in May.
  5. PUC approves an overall 14.2 percent of electricity tariff reduction with effect from today: applicable reductions are as follows: users of 0-30 units – 65%: users of 31-60 units 51%: users of 61-90 units -24%: Hotel Sector – 26%: Industry Category – 9%; Commercial Buildings – 5%: religious purpose category – 16%: Govt – 0.8%.
  6. Anti-Malaria Campaign says 20 cases of malaria have been detected in the country during the past 6 months.
  7. Finance Secretary Mahinda Siriwardana says foreign debt restructuring will not be feasible without restructuring domestic debt: also says the Govt prioritizes the safeguarding of both the banking system and the EPF.
  8. Police spokesman SSP Nihal Thalduwa says the lack of interest of individuals with security related threats to inform the Police of those threats and seek support, is a significant problem in eliminating crimes including shootings which are currently on the rise.
  9. Secretary to the Ministry of Justice, Prison Affairs and Constitutional Reforms Wasantha Peters says the Ministry is working to amend the divorce law to suit the needs of the times: also says necessary amendments in the divorce law to reduce the existing complexities in the current divorce law, will be introduced.
  10. Sri Lanka beats Nederlands by 21 runs in the ICC Cricket World Cup Qualifier, Super Six: Sri Lanka 213 all out (47.4 overs): Dhananjaya de Silva 93, Dimuth Karunaratne 33, Maheesh Theekshana 28): Nederlands – 192 all out (40 overs): Maheesh Theekshana 31/3, Wanindu Hasaranga 53/2).

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