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Crude oil prices in the world have never been lower! When will the price of oil in Sri Lanka be reduced?

September 27, 2022
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Crude oil prices in the world have never been lower! When will the price of oil in Sri Lanka be reduced?

According to foreign media, crude oil prices have further decreased today (26) due to the rising speculation that there will be a worldwide economic recession.

Due to the increase in interest rates in many economies of the world and the strengthening of the value of the dollar compared to other currencies, it has become difficult for many countries to buy crude oil.

The price of a barrel of Brent crude oil has dropped to 84.80 dollars.

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