Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
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Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

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.

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