Inflation ( CCPI)1.5% (April 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate8.76%
12M T-Bill Rate9.29%
2Y T-Bond Rate10.00%/ 10.05%
4Y T-Bond Rate10.70% / 10.80%
USD/LKR299/300
Reserves $5.438Bn (April 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

Crude oil remain elevated amid expectation in extension of production cut by OPEC

EnergyAug 1, 2023
Crude oil remain elevated amid expectation in extension of production cut by OPEC

World crude oil remains elevated at critical levels last seen in mid-April driven by anticipated production cuts from OPEC+. If an extension is announced, crude oil prices are likely to maintain around these improved levels. Sri Lanka raised domestic petrol prices in line with global price increases.

Saudi Arabia is expected to extend a voluntary oil output cut of 1 million barrels per day (bpd) for another month to include September as per Reuters.

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