Global Oil Surge Hits Sri Lanka: Fuel Prices Rise Across All Categories
COLOMBO, Sri Lanka — Sri Lanka raised fuel prices across all categories on Monday, delivering a fresh blow to middle- and working-class households as the country — heavily dependent on imported energy — begins to feel the economic shock of surging global oil prices driven by escalating conflict in the Middle East. The state-run Ceylon Petroleum Corporation (Ceypetco) announced the revisions under the country’s fuel pricing formula, with the new rates taking effect from midnight. Under the revi
Our Reporter