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The Economic Times

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Sri Lanka reduces fuel prices after Middle East ceasefire

Sri Lanka on Tuesday cut fuel prices by up to six percent, the first such move since the Middle East war triggered a surge in energy prices in the import-dependent nation. Sri Lanka, which buys in all of its oil and also relies on imported coal for power generation, has warned that any prolonged conflict in the Middle East could threaten a fragile economic recovery.

30 Jun 2026 10:21 am