Sri Lanka Hikes Fuel Prices Sharply for Second Time in Two Weeks Amid Supply Concerns
Summary
Sri Lanka has sharply increased petrol and diesel prices for the second time in two weeks, driven by supply concerns and potential Middle East conflicts.
Key Points
- Sri Lanka has increased petrol prices from 317 to 398 Sri Lankan Rupees per liter.
- Diesel prices have risen by 79 Rupees to 382 Rupees per liter.
- The price hike is expected to reduce fuel consumption by 15 to 20 percent according to officials.
- President Anura Kumara Dissanayake warned of potential energy supply disruptions due to Middle East conflicts.
