Sri Lanka has cut petrol price by 21 rupees to 311 rupees a litre and diesel by 24 rupees to 283 rupees, from midnight on ...

Sri Lanka's ... rising energy prices, and populist tax cuts. A chronic shortage of foreign currency and soaring inflation had led to a severe shortage of medicines, fuel and other essentials.

This reduction is notably lower than the International Monetary Fund’s (IMF) cost-reflective price formula. While IMF-backed pricing aims to reflect actual costs, it can put significant pressure on ...

Sri Lanka will cut power prices by 22.5% from Tuesday ... Together with higher taxes, a weaker rupee and fuel cost increases, the power price hikes had pushed inflation in the nation of 22 ...

Sri Lanka's National Transport Commission has imposed a 4.24 percent reduction in bus fares following a revision in the price ...

The International Monetary Fund is lending Sri Lanka $3bn (£2.4bn ... Sri Lankans started experiencing power cuts and shortages of basics such as fuel. The rate of inflation rose to 50% a ...

Sri Lanka 's state-owned Ceylon Petroleum Corporation (CPC) has increased fuel prices to a record high. With the latest price hike on Monday, the price of Octane 92 petrol rose by 33.1 per cent to ...

Authorities in Sri Lanka are imposing rolling power cuts across the island nation as its deepening financial crisis leads to shortages of fuel and handicaps its power grid. Sri Lanka’s Public ...

In a massive political upset, a neo-Marxist political outsider won September’s presidential election in Sri Lanka. The ...

COLOMBO, Sri Lanka (AP) — Two years ago, food cart worker Fathima Shiyama had to wait in line, sometimes for days, to get ...

Authorities in Sri Lanka are imposing rolling power cuts across the island nation as its deepening financial crisis leads to shortages of fuel and handicaps its power grid. Sri Lanka’s public ...