Inflation ( CCPI)0.9% (May 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.39%
12M T-Bill Rate9.90%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.10% / 11.25%
USD/LKR304/305
Reserves $5.4Bn (May 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 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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