Inflation ( CCPI)1.5% (Oct 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate15.29%
12M T-Bill Rate12.94%
2Y T-Bond Rate14.45%/ 14.50%
4Y T-Bond Rate14.70% / 14.80%
USD/LKR327/328
Reserves $3.56Bn (Oct 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

Crude oil prices are rising once again

EnergyJan 10, 2021
Crude oil prices are rising once again
Oil prices are rallying aggressively on the back of Saudi Arabia’s surprise cut and optimism over the rollout of vaccines across the world. The International Energy Agency (IEA) says that oil demand recovery will be slower in 2021 than previously thought. Sri Lanka spend USD 2.7Bn annually for imports of refined Petroleum and domestic prices are remain same for more than a year.

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