Govt. allocates Rs. 15 billion to grant diesel subsidy in October

The Sri Lankan government has set aside Rs. 15 billion to provide a targeted diesel fuel subsidy during October to insulate vital sectors from escalating global energy prices [1.1].

The relief initiative is the first component of a comprehensive three-month relief scheme formulated in response to sharp price spikes in global crude markets driven by Middle Eastern conflicts.

The financial assistance is targeted toward essential sectors including public passenger transport, fisheries, and agricultural operations to prevent inflationary pressures from overwhelming consumers.