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%
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Indian Oil company raises fuel prices once again to new record high

EnergyApr 17, 2022
Indian Oil company raises fuel prices once again to new record high
Lanka IOC has once again decided to increase its prices for petrol and diesel with effect from mid-night today 17th April 2022. Company says the price of all types of petrol has been increased by Rs. 35 per litre and diesel by Rs. 75 per litre. This price increase would expand the price difference between LIOC and government control CPC. CPC suffers a loss of LKR 110 for diesel litre and LKR 52 for petrol litre as a result of the current depreciation of the rupee against the USD, which will resulted in LKR 800- 1000 Mn loss per day.


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.