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The Sri Lanka fuel crisis began on 3 November 2017 when rumours started spreading that a fuel shipment belonging to Lanka IOC (Indian Oil Company) was rejected. Later on the rumour was confirmed as legitimate and the reason given was that the fuel in the rejected shipment was not up to standards. [1]
The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
COLOMBO (Reuters) -Sri Lanka's central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, but police ...
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The government's ban was lifted later that day. The Human Rights Commission of Sri Lanka condemned the government's actions and summoned officials responsible for the blocking and abuse of protesters. [33] [34] On 3 April, all 26 members of the Second Gotabaya Rajapaksa cabinet resigned with the exception of Prime Minister Mahinda Rajapaksa.
Ceylon Petroleum Corporation, commonly known as CEYPETCO (CPC), is a Sri Lankan oil and gas company. Established in 1962 and wholly owned by the Government of Sri Lanka, it is the largest oil company in Sri Lanka. It was formed in 1961 by nationalisation and expropriation of all private oil companies in Sri Lanka at the time of its formation. [4]
Gas prices are once again on the rise, ... the largest single-day increase in a year. In Florida, the price jumped by 8 cents in a single day. Over the past week, the average price of gas has ...
It was reported that the national emergency was declared on 30 August 2021 and the Parliament of Sri Lanka approved it on 6 September 2021. [31] [32] In November 2021, Sri Lanka abandoned its plan to become the world's first organic farming nation following rising food prices and weeks of protests against the plan. [33] [34]