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%
USD/LKR297/298
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $1,443Mn (April 2023 cumulative)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

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
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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.

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