Sri Lanka hikes fuel prices 25%, second such increase in a week amid Gulf war
Posted on March 22nd, 2026
Courtesy India Today
Sri Lanka raised fuel prices by about 25% for the second time in a week as the Gulf conflict disrupts global oil supplies via the Strait of Hormuz.
The Sri Lankan government on Sunday raised fuel prices by around 25 per cent, the second such increase in a week amid the West Asia conflict.
The step comes in the backdrop of the joint US-Israel strikes against Iran and the retaliation by the Islamic nation that has spread to the entire Gulf region. It has led to the closure of the Strait of Hormuz, a strategically important choke point for the world’s energy supplies.