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Sri Lanka Increases Fuel Prices Amid Promises of Sufficient Supply
FINANCIAL CHRONICLE – The Ceylon Petroleum Corporation announced an increase in diesel and petrol prices in Sri Lanka, effective from March 9. This decision comes shortly after the government assured the public of sufficient fuel stocks, amidst escalating tensions in the oil-producing region due to US-Israeli attacks on Iran. The price adjustments are as follows:
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Sri Lankan Rupee Declines as Bond Yields Surge Amid Rising Energy Prices
FINANCIAL CHRONICLE – On Monday, Sri Lanka’s rupee weakened in the spot market, closing at 311.60/90 against the US dollar, compared to Friday’s rate of 311.00/20, according to dealers. This decline in the rupee coincided with an increase in bond yields, attributed to rising global energy prices. The yield on a bond maturing on September
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