Crisis-hit Sri Lanka has hiked petrol price by LKR 50 and diesel by LKR 60 respectively, the third price revision in over two months, as the country continues to reel under the worst economic crisis in decades due to a crippling shortage of foreign exchange reserves.
The price hike has come into effect from 2 am on Sunday, state-owned fuel retailer Ceylon Petroleum Corporation (CPC) announced.
Lanka IOC has also hiked prices by the same proportion.
