In Sri Lanka, Indian Oil said the reason for the sharp rise in oil prices was the devaluation of the rupee to Rs. 57 against the US dollar in seven days, which had a direct impact on petrol and diesel prices.
According to them, this should be done in order to avoid business losses. Accordingly the price of a liter of diesel was increased by 75 rupees and the price of a liter of petrol was increased by 50 rupees at midnight yesterday. Accordingly, the new price of a liter of petrol is 254 rupees and the new price of a liter of diesel is 214 rupees, which is equivalent to a dollar.
They increased fuel prices on the 25th and last 6th. However, the rising cost of taxes against the dollar has made it impossible for even the most paid public servants to afford the cost of living. Despite the thousands of problems faced by the people, there is a strong dissatisfaction among the people about the silence of the responsible authorities or those responsible for the people.