Sri Lanka Crisis: Petrol at 420 and diesel at 400 per liter in Sri Lanka, which is facing an economic crisis


Posted on 24th May 2022 06:03 pm by rohit kumar

Economic Crisis in Sri Lanka: Sri Lanka, which is facing an economic crisis, has increased the prices of petrol by 24.3 percent and diesel by 38.4 percent on Tuesday. Sri Lanka is facing a severe economic crisis due to a lack of foreign exchange reserves, due to which this increase was done. This is the second hike in fuel prices in the neighboring country after April 19. With this, the most commonly used Octane 92 petrol will cost Rs 420 ($1.17) per liter and diesel will cost Rs 400 ($1.11) per liter, the highest ever.

 

Lanka IOC, a Sri Lankan subsidiary of India's leading oil company Indian Oil Corporation, has also increased the retail prices of fuel. LIOC CEO Manoj Gupta said that we have increased the prices to match the Ceylon Petroleum Corporation (CPC). CPC is a public sector oil company in Sri Lanka.

 

Auto fare for one kilometer is Rs 90

 

After the increase in oil prices, the auto union also announced an increase in fares. After which the base fare for the first kilometer will be Rs 90, after that Rs 80 will be paid for every kilometer. The inflation rate in Sri Lanka has reached nearly 40 percent. There are no food items available. Oil rates are skyrocketing. The people struggling with the crisis have come down on the rebellion and are demanding the resignation of President Gotabaya Rajapaksa.

 

India sent 40,000 tonnes of petrol

 

India has sent around 40,000 tonnes of petrol to Sri Lanka a few days after supplying 40,000 tonnes of diesel under a loan facility. India aims to help ease the acute fuel shortage in the debt-ridden island nation (Sri Lanka) battling its worst economic crisis. India last month extended an additional $500 million line of credit to the neighboring country to help it import fuel. Sri Lanka is grappling with a payment crisis for imports following a sharp fall in its foreign exchange reserves in recent days.

 

Also Read: Sri Lanka in Crisis: Government lifted emergency after 15 days; People queued up for many days for LPG

1 Like 0 Dislike
Previous news Next news
Other news

Air Pollution: No relief from 'suffocating' air in Delhi, AQI remains in very poor category; crosses 400 in many areas

Pollution persists in the capital due to local factors. With slow wind speeds, the air quality re

Actor Vijay suffers a setback from the Supreme Court, ordered to approach the High Court regarding the film 'Jan Nayakan'.

Actor-turned-politician Vijay is in the news regarding his last film, 'Jan Nayakan'. After facing

Savarkar Row: Rahul said- Savarkar helped the British; Uddhav's answer- Congress leader's statement is not acceptable

Congress leader Rahul Gandhi reiterated Vinayak Damodar Savarkar's point of helping the British.

Delhi Election 2025: 'The attacking BJP workers should be arrested', Kejriwal has written a letter to EC with these 4 demands

Arvind Kejriwal has written a letter to the Chief Election Commissioner regarding the attack on A

Baba Siddiqui murder case: 'They used to talk to the conspirators by taking hotspots from the laborers', big revelation by accused Akashdeep

Akashdeep Gill, who was arrested from Punjab in connection with the murder of NCP leader Baba Sid

Harsha Richhariya: Harsha, who became famous in Maha Kumbh, replied to the trolls, and also spoke about her return to the world of glamour

Former actress and influencer Harsha Richharriya, who was a follower of Western culture two years

Gadar 2 Worldwide Box Office: Will 'Jawan' break Sunny's dream? 'Tara Singh' stuck before Rs 700 crore

Gadar 2 Worldwide Box Office Collection: Sunny Deol's 'Gadar 2' is currently under threat from 'J

Akshay Kumar had tears in his eyes when Paresh Rawal left Hera Pheri 3, he said this emotional thing to Priyadarshan.

Bollywood actor Paresh Rawal has decided to exit the most anticipated film Hera Pheri 3. Ever sin

Akshay Oberoi: 'Fighter will be more powerful than Shahrukh's 'Pathan'...', actor Akshay Oberoi's big claim

Bollywood actors Hrithik Roshan and Deepika Padukone are going to be seen sharing the screen for

Consequences of blasphemy Murder: Kishan of Gujarat and Kanhaiya of Udaipur, name one - crime one, the pattern of murder and day also one...Tuesday!

One in Gujarat and the other in Udaipur. The meaning of the name of both is the same. One Kishan,

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash