Local News
Sri Lanka’s Fuel Import Spending Spikes: CPC Reports Significant Increase in 2026 Outlays.
May 18, 2026 at 4:07 AM
Sri Lanka's Ceylon Petroleum Corporation (CPC) has faced a sharp rise in fuel import costs, settling two-thirds of its projected 2026 annual bill within the first four months alone, driven by global market volatility.
Business
US Airline Industry Grapples with Escalating Jet Fuel Costs Amid Global Conflict.
April 24, 2026 at 12:54 PM
Surging jet fuel prices triggered by international tensions are significantly impacting major US airlines, leading to reduced capacity, higher fares, and billions in additional operational expenses.
Economy
Escalating Geopolitical Tensions Drive Sri Lanka's Oil Import Costs to Record Highs.
April 16, 2026 at 4:54 AM
HSBC CEO Georges Elhedery reveals that global energy market disruptions have forced nations like Sri Lanka to pay as much as $286 per barrel for oil, far exceeding international benchmark prices.












