Inflation ( CCPI)1.3% (Sep 2023)
GDP-3.1% (2Q 2023)
Unemployment4.7% (1Q 2023)
3M T-Bill Rate17.42%
12M T-Bill Rate13.30%
2Y T-Bond Rate14.60%/ 15.00%
4Y T-Bond Rate14.50% / 14.90%
Reserves $3.60Bn (Aug 2023)
Cum. Trade Deficit $2,930 Mn (Aug 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

Global crude oil price reduction helps Sri Lanka to slash the domestic fuel prices

EnergyMar 29, 2023
Global crude oil price reduction helps Sri Lanka to slash the domestic fuel prices

Global Oil prices (Brent) fell close to USD 72 per barrel in the mid of March from USD 86 as the collapse of Silicon Valley Bank raised fears of a fresh financial crisis. However, the price recovered with Chinese demand. Sri Lanka domestic prices are expected to revise from tomorrow to reflect the global price reduction.

A litre of petrol (92) would be reduced by Rs. 60 and petrol (95) by Rs. 135 from midnight today (29th) and auto diesel would be reduced by Rs. 80 and super diesel by Rs. 45. A litre of Kerosene would be reduced by Rs. 10.


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