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Fourteen Investors Submit Proposals for Litro Gas Divestiture

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The Finance Ministry has announced that it has received a total of 14 Request for Expression of Interest (REOI) from potential investors for the strategic divestiture of Litro Gas Lanka Ltd. (LGL) and Litro Gas Terminals Ltd. (LGT).

The interested parties include companies from various countries such as Singapore, India, Turkey, Thailand, UAE, and Sri Lanka. 

Some notable entities among them are Bharat Petroleum Corporation Ltd. (India), Confidence Petroleum India Ltd. (India), Tristar Group (UAE), Laugfs Gas PLC (Sri Lanka), Vitol Asia Pte Ltd. (Singapore), and China National Aero Techno (Sri Lanka).

The REOI was released on 16 January by the Government through the Ministry of Finance, Economic Stabilisation, and National Policies, seeking interested parties for the strategic divestiture of Litro Gas Lanka and Litro Gas Terminals. 

The submission deadline for proposals ended recently.

An Opening Committee appointed by the Special Cabinet Appointed Negotiating Committee will evaluate the received REOIs. 

The evaluation process will follow the Special Guidelines on Divestiture of State-Owned Enterprises, a framework approved by the Cabinet of Ministers in July 2023.

Deloitte India serves as the Transaction Advisors for the Strategic Divestiture of shares held by the Government in Litro Gas Lanka (LGL) and Litro Gas Terminals (LGT).

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Showers expected part of the island

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Showers will occur at times in the Western, Sabaragamuwa and North-western provinces and in Nuwara-Eliya, Kandy, Galle and Matara districts today (June 26), the Department of Meteorology said.

Fairly heavy rains of about 50 mm are likely at some places.

A few showers may occur in the Anuradhapura and Matale districts.

Showers or thundershowers may occur at a few places in the Uva and Eastern provinces during the afternoon or night.

Meanwhile, fairly strong winds of about 30-40 kmph can be expected at times over Western slopes of the central hills and in Northern, North-central and North-western provinces and in Trincomalee and Hambantota districts.

The general public is kindly requested to take adequate precautions to minimize damages caused by temporary localized strong winds and lightning during thundershowers.

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NTC approves 2.5% reduction in bus fares (Update)

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The National Transport Commission (NTC) has approved a 2.5% reduction in bus fares effective from July 01 in line with the annual bus fare revision.

During a discussion between Transport Ministry officials and representatives of private bus associations, the government’s proposal to reduce bus fares by 2% was met by objections raised by bus operators.


(Previous News on 25th June 2025 at 4:51pm)

Bus associations oppose proposal of 2% fare reduction

The government’s proposal to reduce bus fares by a 2% effective from July 01 has led to the strong disapproval of bus associations, reports say.

It was also proposed not to revise the fares of the first two stages.

The announcement was made during a meeting between officials of the Transport Ministry and representatives of private bus associations to discuss the annual bus fare revision, scheduled for July 01.

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2025 A/L exam dates announced

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The Department of Examinations has confirmed that the 2025 G.C.E. Advanced Level (A/L) examination will be held from Nov. 10 – Dec. 05, 2025, 

Accordingly, applications for the 2025 G.C.E. A/L exam will be accepted online from June 26 to July 21, 2025.

It is further stated that students of government schools and government-approved private schools must submit their applications through their respective school principals, while private candidates are required to submit their applications themselves.

A statement by the Department of Examinations noted that private applicants must use their National Identity Card (NIC) number when applying for the examination.

Applicants are advised to visit the official website of the Department of Examinations of Sri Lanka, www.doenets.lk or www.onlineexams.gov.lk/eic, to carefully read the relevant instructions and submit their applications accordingly. After submitting the application, candidates are urged to keep a printed copy with them in case of an emergency.

The username and password required by school applicants to submit their applications have already been provided to the respective school principals.

Applications will not be accepted after 12.00 midnight on July 21, 2025. It is also emphasized that the closing date will not be extended under any circumstances, the statement added.

For further inquiries, applicants are advised to contact the Department of Examinations via the following telephone numbers or email : Tel: 011-2784208, 011-2784537, 011-2785922 / Hotline: 1911 / Email: [email protected]

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