Fuel consumption in Sri Lanka drops 50% in December
The fuel consumption in Sri Lanka has plunged by 50 percent in the last months of 2022, compared to the first few months of the year, the state-owned fuel distributor Ceylon Petroleum Corporation (CPC) said on Monday.
The company said daily fuel consumption averaged 5,500 tonnes between December 2021 and February 2022 in the South Asian country.
The economic crisis, which had led to a reduction in consumption, the introduction of fuel rationing and the end of hoarding of fuel, has resulted in the decline in demand, it said.
Fuel is one of Sri Lanka’s most costly imports and the cost was around 3.7 billion US dollars in 2021, reports Xinhua.
Sri Lanka spent $1.4 billion for fuel between January and March 2022, an increase of 45 per cent year-on-year.
Latest Headlines in Sri Lanka
- Professor Gomika Udugamasooriya appointed Senior Advisor to President on Science and Technology November 22, 2024
- Lohan Ratwatte’s wife further remanded until December 2, 2024 November 22, 2024
- Excavation begins near Veyangoda to uncover reported treasure November 22, 2024
- Thai vets plan to trim tusks of Muthu Raja, elephant repatriated from Sri Lanka November 22, 2024
- Sri Lanka to provide fuel-efficient vehicles for MPs to cut tax waste November 22, 2024
It is possible to breathe in Colombo now
And it is safe to cross the roads as well because of few mad drivers.