(EnergyAsia, March 18) — Sri Lanka paid an extra US$372 million for its oil imports last year, as rising oil prices pushed its trade deficit to US$677 million, the Central Bank said recently. The impoverished country depends entirely on imports to meet its domestic fuel needs of 2.1 million tonnes a year. The cost…
SRI LANKA: 2004 trade deficit widened on higher oil import bill
Posted on March 18, 2005 by EnergyAsia