Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.91%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.65%/ 10.75%
4Y T-Bond Rate11.80% / 11.85%
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Global oil prices tumbled to lows not seen since mid-2017

EnergyMar 8, 2020
Global oil prices tumbled to lows not seen since mid-2017
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)


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