Inflation ( CCPI)25.2% (May 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.65%
12M T-Bill Rate22.91%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
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Cum. Trade Deficit $1,443Mn (April 2023 cumulative)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

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
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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)


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