Sri Lanka Raises Fuel Prices by 25% Amid Middle East War Impact
Sri Lanka increased fuel prices by 25 percent, marking the second hike in two weeks, as the country anticipates further economic repercussions from the ongoing conflict in the Middle East.
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Sri Lanka raises fuel prices by 25pc as US-Israel war on Iran bites
Sri Lanka raised fuel prices by 25 per cent on Sunday, the second increase in two weeks, as the country prepared for more impact from the war in the Middle East. Regular petrol was increased to 398 rupees ($1.30) per litre, up from 317 rupees, while diesel, the fuel commonly used for public transport, rose by 79 rupees to 382. Last week, the government ordered an eight per cent increase in retail fuel prices and introduced rationing to limit consumption. “We hope to achieve a 15 to 20pc reduc...
By none@none.com (AFP)
Read full article →Sri Lanka raises fuel prices by 25% as war bites
This is the second increase in two weeks, as the country prepares for more impact from the war in the Middle East.
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