Fuel import prices may triple war in Middle East prevails
--------------------------------------------------------------------
Source: Daily News
Published: 2026-04-09 05:59 UTC+10:00
Section: Business
Factuality Score: 92
Opinion Category: Neutral
Topics: Politics, Transport, Middle East, Military & Defence, Sri Lanka, Trade & Sanctions, Business & Economy, War & Conflict
--------------------------------------------------------------------
Snippet:
The Ceylon Petroleum Corporation (CPC) sources said that Sri Lanka spends between US$ 4.5 billion and US$ 5 billion annually to import its fuel needs and that the amount could double or triple if the war in the Middle East continues.
--------------------------------------------------------------------