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The Ratnam Survey in 1948, the Sansoni Survey in 1954 and the Jayaratna Perera Survey in 1956 studied the bus services in Sri Lanka and all recommended that the companies should be nationalised. The history of Sri Lanka Transport Board goes back to 1 January 1958; at the time known as the Ceylon Transport Board (CTB).
Ceylon Petroleum Corporation, commonly known as CEYPETCO (CPC), is a Sri Lankan oil and gas company. Established in 1962 and wholly owned by the Government of Sri Lanka, it is the largest oil company in Sri Lanka. It was formed in 1961 by nationalisation and expropriation of all private oil companies in Sri Lanka at the time of its formation. [4]
The Sri Lankan economic crisis [8] is a in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
It is based on market capitalisation. Weighting of shares is conducted in proportion to the issued ordinary capital of the listed companies, valued at current market price (i.e. market capitalisation). The base year is 1985, and the base value of the index is 100. This is the longest and the broadest measure of the Sri Lankan Stock market.
The oil prices were seen rising to hit $71.38 per barrel in March 2021, marking the highest since the beginning of the pandemic in January 2020. [116] The oil price rise followed a missile drone attack on Saudi Arabia's Aramco oil facility by Yemen’s Houthi rebels. [117] The United States said it was committed to defending Saudi Arabia. [118]
Roads account for about 93 percent of Sri Lanka's land transport. In 2022, there were 12,255.401 kilometres (7,615.153 mi) of A- and B-class roads and 312.586 kilometres (194.232 mi) of expressways. The main modes of transportation in Sri Lanka are bus, motorcycles and passenger cars (including taxi service).
In July 2007, it was announced that steps had been taken to increase the SLTB bus fleet from 4,200 to 5,000 within the year, by importing engines to put sidelined buses into operation. At that time, the private bus fleet of Sri Lanka was 19,000 strong. Sri Lanka's transportation is much better nowadays when comparing to the olden days
Chevron Lubricants Lanka PLC is a manufacturer, distributor and marketer of Petroleum-based lubricants in Sri Lanka. The company is one of the constituents of the S&P Sri Lanka 20 Index [ 2 ] and the Chevron Corporation holds a controlling stake (51.00%) of the company's stocks. [ 3 ]