Sri Lanka, March 7 -- Minister of Trade, Commerce, Food Security, and Cooperative Development, Wasantha Samarasinghe, stated that global price increases are beyond domestic control and that a reduction in the supply of fuel and gas will inevitably lead to a surge in prices.

The Minister further noted that price hikes have already been reported internationally, and these costs will inevitably have to be borne by the country as they represent an unstoppable global trend.

Addressing the media, the Minister highlighted that the ongoing situation in the Middle East is affecting the entire world. He emphasized that it poses a significant challenge for every nation engaged in import and export activities, particularly those that rely on mariti...