Sri Lanka hikes fuel prices to all-time high

Tuesday, 24 May 2022newsdesk

Crisis-hit Sri Lanka on Tuesday raised the petrol price by 24.3 per cent and diesel by 38.4 per cent, a record hike in fuel prices amidst the country’s worst economic crisis due to the shortage of foreign exchange reserves.

New Delhi, 24 May 2022

As per news report of The Indian Express, with the second fuel price hike since April 19, now the most-used Octane 92 petrol would cost 420 rupees ($1.17) and diesel 400 rupees ($1.11) a litre, an all-time high. The decision to raise the Octane 92 petrol price by 24.3 per cent or 82 rupees and diesel by 38.4 per cent or 111 rupees per litre was taken by the state fuel entity, Ceylon Petroleum Corporation (CPC).

Source -The Indian Express