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flag Sri Lanka faces fuel and gas shortages and rising prices in March 2026 due to global oil prices exceeding $100 a barrel, sparking public frustration and calls for rationing.

flag In March 2026, Sri Lanka faced worsening fuel and cooking gas shortages and rising prices after a sudden increase in fuel costs and a Rs. flag 300 hike in LPG cylinder prices, driven by global oil prices exceeding $100 a barrel due to conflict in West Asia. flag Despite neighboring nations implementing rationing and emergency measures, Sri Lanka’s government has not introduced similar actions, sparking calls for reinstating a QR code-based fuel rationing system. flag Prices have surged for essentials like rice, milk, and kottu, while transport costs rise, fueling public frustration. flag Although inflation has eased and foreign exchange reserves improved, the economy remains vulnerable to oil price shocks due to heavy reliance on imports, underscoring the urgent need for energy diversification and structural reforms to ensure long-term stability.

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