Inflation ( CCPI)1.5% (Oct 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate15.29%
12M T-Bill Rate12.94%
2Y T-Bond Rate14.45%/ 14.50%
4Y T-Bond Rate14.70% / 14.80%
Reserves $3.56Bn (Oct 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 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.


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