Sri Lanka, June 19 -- It is reported that fuel import costs, which peaked in March and April, are currently decreasing. Central Bank's Economic Research Department Deputy Director Janaka Edirisinghe said the cost of fuel imports in the country has decreased significantly due to the current global market conditions and the consumption control measures implemented locally. Deputy Director Edirisinghe said Sri Lanka had to spend a whopping US$ 886 million on fuel imports in March and April 2026.
However, by the end of May, the expenditure had decreased significantly. He noted that this downward trend would continue in June. Special methods introduced by the Government to manage the high demand for fuel have been a strong reason for minimizing...