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Sri Lanka on Tuesday increased petrol prices by 24.3 percent and diesel prices by 38.4 percent. This is the second hike in fuel prices in the neighboring country after April 19.
Sri Lanka amid foreign exchange crisis Sri Lanka) will raise more debt from India. The Government of Sri Lanka has established the Exim Bank of India (Exim Bank Has approved a proposal to ask for a loan of 500 million US dollars from Sri Lanka has already taken a loan of $ 500 million from Exim Bank. At the same time, Sri Lanka has also received $ 200 million in loan from the State Bank of India. Along with this, the Sri Lankan government is also continuously taking tough decisions to bring the economy back on track. Oil prices in Sri Lanka on Tuesday (Fuel Price Hike) prices have been sharply increased. The government hopes that higher prices will reduce non-essential demand and increase income. The government has indicated that more such strict steps can be taken to bring the economy back on track.
Help from India increased
The Sri Lankan government is taking all possible measures to prevent the petrol and diesel from running out at the petrol pumps. Due to the foreign exchange crisis in the country, it is difficult to pay for the imports. For this, the government is constantly trying to raise funds from other countries. India is at the forefront of this. Energy Minister Kanchana Wijesekera said on Tuesday that in the cabinet meeting held on Monday, the proposal to take loan from Exim Bank of India to buy fuel was approved. He said Sri Lanka has already received $500 million from the Exim Bank of India and $200 million from the State Bank of India for oil purchases. Apart from this, the Government of India is sending assistance ranging from fertilizers, food grains to medicines to Sri Lanka. Medicines have been sent as aid from India.
sharp rise in petrol prices
Sri Lanka on Tuesday increased petrol prices by 24.3 percent and diesel prices by 38.4 percent amid fuel crisis. This is the second hike in fuel prices in the neighboring country after April 19. Along 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, which is the highest ever. India’s leading oil company Indian Lanka IOC, a Sri Lankan subsidiary of Oil Corporation, has also increased the retail prices of the fuel.
Source: www.tv9hindi.com
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