Skip to content

Fuel prices increased in Sri Lanka

The Ceylon Petroleum Corporation announced (CEYPETCO) that fuel prices have been increased with effect from 2:00 AM on Sunday (June 26). At the same time Lanka IOC also announced that it increased its fuel prices following the CEYPETCO price revision.
















EXPLAINER: Why Sri Lanka’s economy collapsed and what’s next

Sri Lanka’s prime minister says the island nation’s debt-laden economy has “collapsed” as it runs out of money to pay for food and fuel. Short of cash to pay for imports of such necessities and already defaulting on its debt, it is seeking help from neighboring India and China and from the International Monetary Fund (IMF).