Empower your business in Sri Lanka and internationally with Prifinance expert corporate and financial services. Streamline company formation and investment opportunities with our tailored advice and solutions.

Fuel Protests

Feb 13, 2012 (LBO) - A steep fuel price increase in Sri Lanka to correct mounting economic imbalance and pressure on a currency peg has seen protests by bus operators and fishermen, reports said.
online pharmacy buy ciprodex with best prices today in the USA


online pharmacy buy diflucan with best prices today in the USA


buy abilify online https://qpharmacorp.com/wp-content/uploads/2023/08/png/abilify.html no prescription pharmacy

Fishermen blocked a road on the main road to the capital Colombo from Negambo, a fishery centre, a media report said.
buy ivermectin online https://qpharmacorp.com/wp-content/uploads/2023/08/png/ivermectin.html no prescription pharmacy



Sri Lanka raised the price of kerosene by 35 rupees to 106 rupees a litre Saturday, and Diesel from by 31 rupees to 115 rupees, both fuels used by fishermen.


Sri Lanka does not have an automatic price formula to change prices based on cost, but sale prices arbitrarily changed by rulers based on political expediency.

When prices are held down for long periods, Sri Lanka's rupee peg comes under pressure, partly due to heavy borrowings from the banking system by energy utilities to buy dollars, putting pressure on both inflation and the rupee peg.

online pharmacy buy strattera with best prices today in the USA


online pharmacy buy abilify with best prices today in the USA


buy chloroquine online https://qpharmacorp.com/wp-content/uploads/2023/08/png/chloroquine.html no prescription pharmacy



Sudden price corrections then lead to protests.

Commuters were stranded on roadsides Monday after a key bus operators' union kept buses at home

Sri Lanka's The Island newspaper quoted Lanka Private Bus Owners' Association President Gemunu Wijeratne as saying that they wanted a 17 percent fare hike of diesel

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Top
0
Would love your thoughts, please comment.x
()
x