Business

Fuel prices in Sri Lanka hiked govt says talks on with India for LoC | Petrol became costlier by Rs 20 here, the price increased by Rs 177 a liter, sought help from India

Photo: PTI

Petrol Diesel Hike: Petrol became costlier by Rs 20 here, price of Rs 177 per liter, sought help from India

Highlights

  • Sri Lanka is currently facing severe economic crisis
  • Petrol hiked by Rs 20 and diesel by Rs 10
  • Petrol is being sold at Rs 177 and diesel at Rs 121.

Colombo. Our neighbor Sri Lanka, situated at the southern end of India, is facing a serious economic crisis. Amidst the ever-increasing inflation, now the people of Sri Lanka have been scorched by the oil fire. Sri Lanka’s public sector oil company and a local subsidiary of Indian Oil Corporation have increased the prices of petrol and diesel amid severe crisis of foreign exchange reserves in the country.

In the latest decision, the CPC has increased the price of petrol by Rs 20 and that of diesel by Rs 10. Now petrol is being sold there at Rs 177 and diesel at Rs 121 per liter. Sri Lanka is currently facing a serious foreign exchange crisis.

The government, on the other hand, has said that talks are on with India and Oman on loan assistance for fuel purchases. The state-run Ceylon Petroleum Corporation (CPC) had demanded a price hike from the government. However, the government did not allow them to increase fuel prices since October.

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