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Rising global oil prices prompted a Rs41 billion diesel subsidy for Oct-Dec and Rs17.2 billion in electricity-bill relief, cushioning end-user energy costs while increasing reliance on budget support rather than tariff cost recovery. New rooftop solar applicants were shifted to Net Plus, limiting grid-cost cross-subsidies by requiring users to meet their own nighttime demand. The sector also advanced a four-block Mannar Basin oil and gas licensing round.
Auto-generated from 34 sector news articles over 14 days. Not investment advice.
Prices at the close of Sep 30, 2026
| Company | Price | Mkt cap | P/E | P/B | Div yield |
|---|---|---|---|---|---|
| Lanka IOC Plc LIOC.N0000 | 130.50 | Rs 69.5B | 7.1 | 0.74 | 3.83% |
| Windforce PLC WIND.N0000 | 40.00 | Rs 54.2B | 35.7 | 2.07 | 0.00% |
| Vidullanka PLC VLL.N0000 | 22.10 | Rs 22.8B | 13.1 | 2.22 | 2.26% |
| LAUGFS Gas PLC LGL.N0000 | 43.30 | Rs 16.2B | - |
The Cabinet approved Rs.40.65 billion in subsidies to cap Auto Diesel and Industrial Diesel prices for October-December (Rs15.0bn Oct, Rs13.5bn Nov, Rs12.15bn Dec) to limit pass-through from higher global fuel prices amid the Middle East conflict.
| - |
| 0.00% |
| Vallibel Power Erathna PLC VPEL.N0000 | 15.00 | Rs 11.2B | 8.7 | 3.19 | 4.00% |
| Panasian Power Ltd. PAP.N0000 | 12.50 | Rs 7.8B | 8.6 | 3.47 | 1.43% |
| LVL Energy Fund PLC LVEF.N0000 | 5.90 | Rs 4.5B | 29.2 | 0.66 | 0.00% |
| LAUGFS Power Plc LPL.N0000 | 10.70 | Rs 4.0B | 189.7 | 1.83 | 0.00% |
| Resus Energy Plc HPWR.N0000 | 8.90 | Rs 3.8B | 24.7 | 1.46 | 1.74% |
| Lotus Hydro Power Plc HPFL.N0000 | 11.40 | Rs 1.2B | - | 1.89 | 6.84% |
| Greentech Energy Plc MEL.N0000 | 4.70 | Rs 470.0M | 117.5 | 1.61 | 0.00% |
The LMD-PepperCube Business Confidence Index rose 13 points to 162 in September (from 149). The report also notes official foreign reserves climbed to US$6.9bn and the Central Bank absorbed US$579m from the domestic FX market, while Brent crude neared US$110.
Sri Lanka's cabinet approved a Rs41 billion diesel subsidy for Oct-Dec (Rs15.0bn Oct, Rs13.5bn Nov, Rs12.15bn Dec) while petrol is excluded, minister Nalinda Jayatissa said. The CPC will set final per-litre rates; the government said CPC and Lanka IOC hold adequate import stocks.
Resus Energy PLC said two subsidiaries have submitted bids within the qualifying price range to install 16 MW (64 MWh) of battery energy storage systems under a government tender; estimated equity needed is Rs 650-800 million and awards are pending.
Oil prices rose for a second session, with Brent at $106.77/barrel (up $1.49, +1.4%) and US WTI at $93.94 (up $1.34, +1.5%), driven by lingering Middle East supply disruption concerns tied to the US‑Iran standoff despite signs of higher Gulf exports.
The EDB and SLAMERP held a full-day workshop, led by NCPC experts, on energy management and efficiency for Sri Lanka's rubber products manufacturers to improve profitability and competitiveness. Sessions covered EnMS, thermal/process optimisation, energy audits and renewable energy technologies.
Foreign Affairs Minister Vijitha Herath told the UN General Assembly Sri Lanka has restored macroeconomic stability since the 2022 crisis and urged reform of the international financial system and fairer debt rules. He said Sri Lanka is on track for 70% renewable energy by 2030 and carbon neutrality by 2050.