By Hiran H. Senewiratne Sri Lanka’s present high inflation rate is likely to come down early next year with the Central Bank’s certain policy decisions, which was considered to be the number one enemy for the downturn of the economy, Central Bank Governor Dr Nandalal Weerasinghe said in Colombo yesterday. “The tight monetary conditions prevailing […]
By Hiran H.Senewiratne The CSE started on a positive note at the beginning and marginally dropped at the end of the day’s trading. The midnight fuel hike wiped 0.96 per cent off the market yesterday, following a two-day gaining streak, stock market analysts said. During the day, selling pressure was noted in blue-chip companies, which […]
Sri Lanka s state-owned Ceylon Petroleum Corporation (Ceypetco) raised fuel prices from the mid night of Monday (18) to minimize the losses after sharp rupee depreciation and high global oil prices.
Lanka IOC, the Indian Oil Corporation unit in Sri Lanka raised petrol prices by 35 rupees a litre and diesel by 75 rupees from the mid night of Sunday amid sharp depreciation of the currency and high global oil prices.