Sri Lanka, May 1 -- President Anura Kumara Dissanayake stated that a crisis situation has emerged in the country's energy sector, citing rising global fuel and coal prices as well as declining water levels in reservoirs.

Addressing the National People's Power (NPP) Colombo District May Day rally, the President said the government is currently providing a subsidy of Rs. 100 per litre on diesel to ease the burden on the public.

"Today, the actual cost of a litre of diesel is Rs. 482, but consumers are able to purchase it at Rs. 382 because the government provides a subsidy of Rs. 100 per litre through the Petroleum Corporation and other institutions," he stated.

President Dissanayake further noted that the government has allocated Rs. 60...