Sri Lanka increases fuel prices by about 25%

22/03/2026

Sri Lanka increases fuel prices by about 25%

COLOMBO, (AP), Mar 22: The Sri Lankan government said the decision was made due to soaring global oil prices and as the country’s stocks have depleted due to panic buying in recent weeks. With the latest increase, the second in two weeks, local fuel prices have gone up by about one-third since the war in the Middle East started. The island nation has taken up other measures, including a strict fuel rationing system and the closing of schools, universities and government offices on all Wednesdays. Long lines of vehicles still persist at fuel stations across the country.