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The collapse of talks between the world’s largest oil-producing nations has stoked investor fears that the coronavirus could trigger the most severe oil market shock in history. Opec hoped to deepen their production cuts by 1.5m barrels of oil a day with the help of allies outside the cartel, led by Russia, to avert a price crash. Sri Lanka used to adjust the domestic fuels prices based on a "Fuel Formular" in order to bring market- base price model that benefits consumers as well as suppers (importers)