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Sri Lanka raises gasoline prices to 24%, diesel to 38%, encouraging people to work from home hopes to solve the energy shortage crisis
On May 24, 2022, Sri Lankan Energy Minister Kanchana Vijesaket announced that the government has decided to raise fees and taxes related to oil prices. along with supporting people to work from home It hopes to solve the energy shortage crisis amid the country's worst economic recession in 74 years.
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The report states that The Sri Lankan government announced measures to increase taxes and fees on energy. effective immediately today As a result, gasoline prices rose 20-24% and diesel prices rose 35-38% amid countries facing an energy crisis due to shortages of foreign currency used to pay for fuel imports. including food and drug shortages amid the inflation problem This sparked protests in the streets that led to the replacement of the new prime minister.
“The government will hold negotiations with stakeholders in the transport sector. to find a way to control transportation costs This will be directly affected by rising energy prices," said the Sri Lankan Energy Minister.
However, analysts view Despite the government trying to negotiate with the transport sector But this rise in oil prices will inevitably be a huge cost to other sectors, especially food and commodity prices.