COLOMBO, Dec 27 (NNN-XINHUA) – Fuel consumption in Sri Lanka 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, yesterday.
The company said, daily fuel consumption averaged 5,500 metric tonnes between Dec, 2021 and Feb, 2022.
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 U.S. dollars in 2021.
Sri Lanka spent 1.4 billion U.S. dollars for fuel between Jan and Mar, 2022, an increase of 45 percent year-on-year.– NNN-XINHUA
