Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

A steep drop in U.S. crude stocks and supply side concerns weight on domestic fuel prices

EnergyOct 2, 2023
A steep drop in U.S. crude stocks and supply side concerns weight on domestic fuel prices

All three fuel suppers (CPC, IOC, Sinopec) raised the price of Auto Diesel by Rs. 10 per litre (351, 351,348) while CPC and IOC increased the petrol prices by Rs. 4 per liter to Rs. 365 and Sinopec to sell petrol at the previous price of Rs. 358.

Prices fell last week but were rallying again as markets worried about tight supplies heading into winter, following production cuts of 1.3 million barrels a day to the end of the year by Saudi Arabia and Russia

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