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Sunday, Jun 29, 2025
Consumers in Asia's third-largest economy are feeling the bite as companies pass on a surge in costs since the invasion.
Central to the economic crisis Sri Lanka is facing are some of the short-sighted policy decisions taken by President Rajapakse’s regime as they came to power, promising national security and greater economic revival.
A record 137-day hiatus in rate revision ended on March 22 with an 80 paise per litre increase in rates.
The lorry owners are on a war path, alleging that the oil companies are transfering the burden of paying Goods and Service Tax (GST) on tanker lorry owners.
Almost 600 lorries supplying petroleum products will be off the road as part of the agitation.
The bus operators' associations that called for the strike said the government has not taken any steps to address their concerns.
The bus owners' primary demand is to see a hike in fares in view of the rising fuel prices.
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