Sri Lanka raises petrol and diesel prices 25%
Change
Sri Lanka raised regular petrol to 398 rupees per litre and diesel to 382 rupees per litre in a roughly 25% retail price increase, the second hike in two weeks.
Why it matters
Retail rationing and the price rise will tighten immediate access to diesel used by public transport and raise operating costs for bus and goods carriers. The president ordered a four-day working week and asked employers to reintroduce work-from-home arrangements, forcing firms to alter staffing and shift patterns to reduce commuter fuel demand.
Implications
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Topics
Policy & Regulation Regulatory Actions Economy Supply Chain & Logistics Oil & Gas