Inflation ( CCPI)6.4% (Jan 2024)
GDP1.6% (3Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate9.79%
12M T-Bill Rate10.02%
2Y T-Bond Rate11.05%/ 11.10%
4Y T-Bond Rate12.20% / 12.30%
USD/LKR313/314
Reserves $4.5Bn (Jan 2024)
Cum. Trade Deficit $4,866 Mn (Dec 2023 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Sapugaskanda Oil Refinery Temporary closed for 50 days

EnergyNov 15, 2021
Sapugaskanda Oil Refinery Temporary closed for 50 days
The government states the Sapugaskanda oil refinery would be closed down from Monday for 50 days due to a depletion of the existing stock of crude oil. The CPC officials have revealed that The next crude oil shipment is expected to arrive at Colombo Port by the third week of December and mid-January. The Sapugaskanda oil refinery meets 40% of the demand for refined fuels, while the government imports 60% of the refined petrol and diesel consumed domestically.

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