Inflation ( CCPI)35.3% (April 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.60%
12M T-Bill Rate22.97%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
USD/LKR297/298
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $862Mn (March 2023)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

How quickly Sri Lanka can adjust the domestic fuel prices inline with volatile global crude oil prices

EnergyMar 11, 2020
How quickly Sri Lanka can adjust the domestic fuel prices inline with volatile global crude oil prices
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Sri Lanka imports crude oil as well as refined oils from different countries. 30% of the country’s total fuel requirement was refined domestically. after Iran hit US sanctions of exporting crude oil to other countries, Sri Lanka imports a major portion of crude oil from Murban crude from Abu Dhabi National Oil in the United Arab Emirates. But Murban crude is costly as it is difficult to buy on a government-to-government basis since Sri Lanka’s volumes are small. Sri Lanka imports refined fuel oils from Singapore and various other countries.

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