Inflation ( CCPI)1.5% (April 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate8.76%
12M T-Bill Rate9.29%
2Y T-Bond Rate10.00%/ 10.05%
4Y T-Bond Rate10.70% / 10.80%
USD/LKR299/300
Reserves $5.438Bn (April 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

Crude Oil hits two-year high while Sri Lanka increased domestic fuel price by six-half years high

EnergyJun 12, 2021
Crude Oil hits two-year high while Sri Lanka increased domestic fuel price by six-half years high
Global crude oil prices are rising with the optimism of strong economic recovery and consumer demand specially in US and the West. Further the prices are on the upward trend after world market observed declining global oil inventories for 2nd half of of 2021. Sri Lanka administrators had proposed to build a sinking funds to stabilized the domestic prices earlier.

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