Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.91%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.65%/ 10.75%
4Y T-Bond Rate11.80% / 11.85%
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Cum. Fiscal DeficitLKR 361Bn (April 2024)

Global Fuel prices has fallen by 30% but domestic fuel price remain static

EnergySep 18, 2022
Global Fuel prices has fallen by 30% but domestic fuel price remain static

The global fuel prices have slashed nearly 30% from the peak that was seen three months ago. Sri Lanka rushed to implement the domestic fuel price formula to pass down the rising cost to the consumers. Despite the fuel price formula in place to adjust the prices dynamically, Government is silent on the price reduction.

Previously, Government nodded for price revision to take place 1st and 15th of every month, September it did not revise the prices.

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