Sri Lanka’s trade deficit for the first eight months of the year jumped 67% to US$1.46 billion as a result of a 38% rise in its fuel import bill. The Central Bank said the country’s import bill grew 20% to US$5.05 billion from US$4.22 billion the year before as world oil prices shot up…
SRI LANKA: High fuel costs drive Jan-to-August trade deficit 67% higher to US$1.46 billion
Posted on November 17, 2004 by EnergyAsia