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Fuel quota for trishaws doubled

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President Ranil Wickremesinghe has instructed to increase the weekly fuel quota of 05 litres issued for professional passenger transport three-wheelers to 10 litres.

As the first phase, the registration of professional three-wheelers in the Western Province is scheduled to commence on November 1st.

This was revealed during the discussion held today (24) between the President’s Senior Adviser on National Security and Chief of Staff to the President Mr Sagala Ratnayake and the professional three-wheeler associations.

Accordingly, from November 6th, 10 litres of fuel per week will be issued to all three-wheeler passenger vehicles in the Western Province.

The registration of passenger transport three-wheelers will commence from November 6th to 13th, after which it is planned to issue the fuel quota to three-wheelers in other provinces of the island.
Currently, there are 1.08 million three-wheelers in Sri Lanka, out of 400,000 are passenger transport three-wheelers, according to the three-wheeler associations.

Around 300,000 three-wheelers have been registered with the Sri Lanka Police, and if it is not possible to register the three-wheelers in the entire island by November 13, it was also decided to release the fuel quota for the three-wheelers registered with the police as an initial step.

Provincial Governors and Provincial Road Transport Authority officials are also to be notified regarding this decision immediately.

Minister of Power and Energy Kanchana Wijesekera, Minister of State for Transport Lasantha Alagiyawanna, President Trade Union Director General Saman Ratnapriya and a group of officials participated in this discussion.

BIZ

No justification for coconut oil price hike – Coconut Development Authority

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The Coconut Development Authority has stated that there is no valid reason for a price increase of coconut oil in the local market.

CDA chairman – Prof. Roshan Perera has emphasized that there has been no tax hike on imported coconut oil.
Given the sufficient supply of coconut oil for domestic consumption, Prof. Perera asserted that any price increase is unjustifiable.

Additionally, a new regulatory program is being planned to control and stabilize coconut oil prices in the market, he added.

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Coconut oil price upped

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The price of a litre of coconut oil has been increased by more than Rs. 100, the National Consumer Front (NCF) has said.

NCF Chairman Asela Sampath said that the price of a litre of coconut oil has been increased by between Rs. 180 and Rs. 200. 

Accordingly, the current retail price of a coconut oil litre is Rs. 550.

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Registration compulsory for all money changers 

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The Central Bank has issued a notice making it compulsory for all money exchange institutions to be registered with the Central Bank and regulated by it. 

The CB order is in effect from 3 June 2024. 

The Central Bank states that all money changers who are currently not registered will now receive the opportunity to provide such services in a systematic and regulated manner. 

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