Sri Lanka and Pakistan Raise Fuel Prices Amid Global Energy Crisis

US-Iran War: The dire situation in the Middle East and the global energy crisis have now affected Sri Lanka as well, with the Sri Lankan government raising petrol and diesel prices by about 25 percent. The government has urged citizens to use fuel sparingly and judiciously. Notably, the Pakistan government has also raised petrol and diesel prices a few days ago. The Sri Lankan government has said that the government is losing about 20 billion rupees a month due to fuel sales at current prices. The government is losing about 100 rupees on a litre of diesel, and about 20 rupees on a litre of petrol, officials said. The new prices of petrol and diesel are the biggest increase in fuel prices by the Ceylon Petroleum Corporation. As per the new rates, diesel prices have been increased by 382 rupees per litre (79 rupees increase), super diesel by 443 rupees per litre (90 rupees increase), octane petrol by 95 rupees per litre (455 rupees) and octane petrol by 928 rupees (928 rupees) for the second consecutive week.