War Impact: Sri Lanka Hikes Fuel Prices By 25%

War Impact: Sri Lanka Hikes Fuel Prices By 25%

Sri Lanka has increased fuel prices by 25%, marking the second hike in two weeks, amid global tensions linked to Iran and the Israel-US situation. Petrol now costs Rs 398 per litre, while diesel has risen sharply. The Lankan govt had earlier raised prices by 8% and introduced fuel rationing to manage supply and curb rising crude oil demand pressures.