March 29, 2023
1 min read

Lanka slashes fuel prices

Sri Lanka increased fuel prices by over 200 per cent in 2022 amid the worst-ever economic crisis in the island nation since independence in 1948….reports Asian Lite News

Sri Lanka’s Power and Energy Minister Kanchana Wijesekera said on Wednesday that fuel prices will be reduced in the country from Friday midnight.

The price of 92 Octane petrol will be reduced by 60 LKR ($0.18) to 340 LKR per liter, and that of 95 Octane petrol will fall by 135 LKR to 375 LKR per liter, reports Xinhua news agency.

The price of diesel will be reduced by 80 LKR to 325 LKR per liter and that of super diesel will be reduced by 4 LKR to 465 LKR.

Meanwhile, the price of kerosine will be reduced by 10 LKR to 295 LKR.

Wijesekera said last week that the Sri Lankan government would reduce fuel prices as a result of falling international oil prices and the crisis-ridden country now having the ability to get competitive prices from suppliers due to the International Monetary Fund loan approval.

The Minister also said the Sri Lankan rupee is appreciating against the US dollar.

According to Wijesekera, President Ranil Wickremesinghe had advised him to reduce fuel prices following the IMF bailout package and the stabilization of the economy.

Sri Lanka increased fuel prices by over 200 per cent in 2022 amid the worst-ever economic crisis in the island nation since independence in 1948.

ALSO READ: India, US, Japan secure IMF bailout for Sri Lanka

Previous Story

Covid infected over 15 million kids in US

Next Story

Stampedes at Pak free flour centres kill 2

Latest from -Top News

Hasina’s Defiant Words Before Ouster

Reportedly before leaving Hasina wanted to record a farewell speech to be aired on television, but military officials declined….reports Asian Lite News Following a violent student uprising last year, the Bangladeshi military

US Lawmakers Push AI Watchdog on China

The lawmakers stressed that “there is a strong national security need for better understanding, predicting, and preparing for the PRC’s AI progress…reports Asian Lite News Chairman John Moolenaar and Ranking Member Raja

Trump’s 51st State Pitch to Canada

The development follows a meeting between Trump and Canadian Prime Minister Mark Carney on May 6, where Trump praised Carney’s political success….reports Asian Lite News US President Donald Trump claimed that he

Azhar Acquittal Sparks Outrage in Bangladesh

Jailed for nearly 13 years for war crimes, Azharul was received by party leaders and activists at the jail gate by his radical supporters….reports Asian Lite News Once accused of committing crimes

Trump Warns Putin: ‘Playing with Fire’

Trump on Sunday made harsh remarks on both Putin and Ukrainian President Volodymyr Zelensky…reports Asian Lite News US President Donald Trump warned Russian President Vladimir Putin that he is “playing with fire”
Go toTop

Don't Miss

Lanka Rebuts Canadian PM’s ‘Genocide’ Claim

Sri Lanka’s Foreign Ministry on Thursday rejected the allegation made

Lankan Prez to visit UAE to procure fuel

Amid the fuel shortage in the country, Sri Lankan President