Diesel prices increased from Rs.80 to Rs.130. It's a 62.5 percent increase from the current prices. This increase of diesel prices will affect many industries in sri lanka. Bus fair increased immediately from 27.2 percent and it might rise again in next couple of days. This will be the most touching increase of fuel hike to sri lankan citizens in the recent history.
Recent hike in food and fuel prices is not limited to sri lanka. Countries in war zones like Somalia, Afghanistan and Haiti are already suffering from this problem. Now it will start to feel to sri lankan citizens also with this fuel hike.
Most of the economists say that this will be a year of very high expenditure. I hope the sri lankan government will take necessary actions to help sri lankan citizens to balance their weight of expenditure.