Crisis-hit Sri Lanka slashed fuel prices on Monday, the second cut in as many weeks, after the World Bank warned that the economy will shrink an unprecedented 9.2% this year. The energy ministry ...

cooking gas and other essentials while power cuts and soaring food prices heaped misery on the people. The economic crisis has also triggered a political crisis in Sri Lanka and a demand for the ...

Sri Lanka's ... rising energy prices, and populist tax cuts. A chronic shortage of foreign currency and soaring inflation had led to a severe shortage of medicines, fuel and other essentials.

and problem-solving techniques to take an organisation to greater heights Sri Lanka’s state run Ceylon Petroleum Corporation on Tuesday increased fuel prices, a day after the Indian Oil Company ...

The International Monetary Fund is lending Sri Lanka $3bn (£2.4bn ... In early 2022, Sri Lankans started experiencing power cuts and shortages of basics such as fuel. The rate of inflation rose to 50% ...

COLOMBO: Authorities in Sri Lanka are imposing power cuts on a staggered basis as the ... the Sri Lankan government decided not to raise fuel prices, energy minister Mahinda Amaraweera said.

Many blame the government for the escalating fuel prices rather than understanding Sri Lanka is just a tiny spec in the global economy and a price-taker in the global petroleum market. These pressures ...

Sri Lanka's finance leasing companies which moved into gold-loans as car imports were banned could face credit risks if gold ...

What has been happening in Sri Lanka? In early 2022, Sri Lankans started experiencing power cuts and shortages ... any more. The fuel shortage caused petrol and diesel prices to rise dramatically.

Authorities in Sri Lanka are imposing rolling power cuts across the island nation as its deepening financial crisis leads to shortages of fuel and handicaps its power grid. Sri Lanka’s public ...