Sri Lanka Advocates Prudent Power, Fuel Use Amidst Renewed Price Increases

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Sri Lanka Urges Sparing Power, Fuel Use Amid Price Hikes, Global Tensions

Representational image (Image: News18)

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News18•22-03-2026, 13:00

Sri Lanka Urges Sparing Power, Fuel Use Amid Price Hikes, Global Tensions

•Sri Lanka urges public to use fuel and electricity sparingly due to potential shortages and volatile global oil markets.
•Fuel retail prices hiked for the second time in a week, returning to 2022 economic crisis levels.
•Government implemented QR code-based rationing for fuel retail distribution as a conservation measure.
•Minister Nalinda Jayatissa warned against fuel hoarding and highlighted the Strait of Hormuz closure due to Iran-US-Israel conflict.
•Despite price hikes, the government still subsidizes fuel, incurring a monthly cost of Rs 20 billion.

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