Crisis-hit Sri Lanka slashed fuel prices on Monday, the second cut in as many weeks, after the World Bank warned that the economy will shrink an unprecedented 9.2 per cent this year.
The energy ministry said the price of petrol will be reduced by 40 rupees to 370 rupees a litre from Monday night after a similar 10 per cent reduction earlier this month.
But the price of regular petrol is still twice the amount before the start of the crisis last year while diesel is three and a half times more than what it was in December 2021. Earlier this year motorists spent weeks to get fuel, contributing to weeks of protests.
— AFP
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