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The Sri Lankan Rupee (Sinhala: රුපියල්, Tamil: ரூபாய்; symbol: රු (plural) in English, රු in Sinhala, ௹ in Tamil; ISO code: LKR) is the currency of Sri Lanka. It is subdivided into 100 cents ( Sinhala : සත , Tamil : சதம் ), but cents are rarely seen in circulation due to their low value.
Ceylon Petroleum Corporation, commonly known as CEYPETCO (CPC), is a Sri Lankan oil and gas company. Established in 1962 and wholly owned by the Government of Sri Lanka, it is the largest oil company in Sri Lanka. It was formed in 1961 by nationalisation and expropriation of all private oil companies in Sri Lanka at the time of its formation. [4]
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The event became known as the 2022 Sri Lankan economic crisis Sri Lanka has faced energy crisis. With no foreign exchange to pay for fuel, Sri Lanka Government was dependent on an Indian line of credit of US$700 million which expired in June. The LIOC to date was enjoying a 16% market share for petrol and diesel in the local market.
Sri Lanka, from 3 November 2017 until 11 November 2017, faced a fuel shortage when a substandard fuel shipment was rejected which caused a depletion in reserves due to the general public fearing of a prolonged duration of crisis. However, there was only a shortage of petrol not diesel or kerosene.
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The Ministry of Energy (Sinhala: බලශක්ති අමාත්යාංශය Balashakthi Amathyanshaya; Tamil: பெற்றோலிய வள ...
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]