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Sri Lanka Increases Fuel Prices, Approaching 2022 Crisis Levels: Petrol Hits Rs. 398 and Diesel Reaches Rs. 382
FINANCIAL CHRONICLE – Sri Lanka’s state-owned fuel retailer has raised fuel prices by 24% to 30%, approaching the levels seen during the 2022 economic crisis. This adjustment will take effect from midnight on March 21, following an increase in the fuel quota for motorists amid rising global oil prices and supply constraints. Prior to the
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Sri Lanka’s Fuel Shock Exposes Deep Economic Fault Lines as Crisis Risks Re-emerge
Sri Lanka’s latest fuel price increase has triggered a renewed wave of anxiety across an already fragile economy, raising serious concerns that the country may be edging toward conditions reminiscent of the 2022 economic collapse. The sharp revision by the Ceylon Petroleum Corporation, matched by Lanka IOC, comes at a time when global oil markets
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A land levelled – a people left to memory –… Read more: GAZA: People, Not a Footnote - Hormuz on edge – a global chokepoint under threat
The Strait of Hormuz, through which nearly a fifth of… Read more: Hormuz on edge – a global chokepoint under threat - The Eastern question: tourism, territory or something in between?
There is a temptation in Sri Lanka to swing between… Read more: The Eastern question: tourism, territory or something in between?
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