Inflation ( CCPI)35.3% (April 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.60%
12M T-Bill Rate22.97%
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 $862Mn (March 2023)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

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
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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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