Inflation ( CCPI)-0.5% (Sep 2024)
GDP4.7% (2Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.32%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.37%/ 10.45%
4Y T-Bond Rate11.80% / 11.90%
USD/LKR292/293
Reserves $5.99Bn (Sep 2024)
Cum. Trade Deficit $2,550 Mn (June 2024 cumulative)
Cum. Fiscal DeficitLKR 599Bn (June 2024)

Crude oil price reduction helped to reduce the domestic fuel prices

EnergySep 1, 2024
Crude oil price reduction helped to reduce the domestic fuel prices

Weaker fuel demand from China, one of the leading importers, and increasing inventory levels have led to a decline in global crude oil prices. Analysts estimate that average crude oil prices will remain below USD 80 per barrel for the rest of the year.

This reduction in global crude oil prices has positively impacted Sri Lankans through the country's fuel price formula. As a result, the price of Petrol Octane 92 was reduced by Rs. 12 to Rs. 332 per litre, and Auto Diesel was reduced by Rs. 10 to Rs. 307 per litre.

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