Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.90%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR298/299
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Sri Lanka domestic fuel price jumped by over 25% as LIOC increased the prices

EnergyMar 13, 2022
Sri Lanka domestic fuel price jumped by over 25% as LIOC increased the prices

The Indian oil unit in Sri Lanka, LIOC increased the petrol by Rs. 50.00 per litre and diesel by Rs. 75.00 per litre from yesterday night. Accordingly, the new price of a litre of petrol would be Rs. 254 and a litre of diesel would be Rs. 214.

This price increase came just after CBSL allow the free float of the Rupee, which effectively devalued from Rs.202 to Rs.260. It looks like the first massive commodity price increase in Sri Lanka and many more to follow.

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.