Sri Lanka increases fuel price – South Asia Time

Sri Lanka increases fuel price

 May 24, 2022  

Colombo: Sri Lanka increased fuel and transport prices on Tuesday, a long-flagged move to fight its economic crisis, but the hikes are bound to exacerbate galloping inflation, at least in the short-term.

Power and Energy Minister Kanchana Wijesekera wrote on Twitter that petrol prices would increase by 20%-24% while diesel prices would rise by 35%-38% with immediate effect.