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Due to the current fuel crisis in the country and the difficulties Station Masters (SM) and junior staff reporting are facing to report for work, there is a possibility of disruption to train services in the future, Sri Lanka Railways Station Masters’ Union (SLRSMU) said.
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The recent fuel price revision was not done according to any formula or any scientific manner but was based on a report released on estimated cost of imported refined petroleum products, the Public Utilities Commission of Sri Lanka (PUCSL) chairman Janaka Rathnayake said.
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Head of the Department of Immunology and Molecular Biology at Sri Jayewardenepura University, Dr. Chandima Jeewandara said yesterday that the latest COVID-19 Omicron variant BA.5 is the most transmissible and immune-evasive lineage detected since the pandemic began.
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Sri Lanka has run out of fuel as only 1,100 tonnes of petrol and 7,500 tonnes of diesel are remaining which is not even sufficient to last the country for a day, highly placed sources from the Ceylon Petroleum Corporation (CPC) Trade Union told Daily Mirror last evening.
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The world’s central bank umbrella body, the Bank for International Settlements (BIS), has called for interest rates to be raised “quickly and decisively” to prevent the surge in inflation turning into something even more problematic.
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People appeared to have cut back on their credit card spending and instead settled their balances after banks raised their rates to 30 percent effective from May as both banks and card users digested the reality of the rising rates in the economy.
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Lanka Private Bus Owners’ Association (LPBOA) today requested to consider the annual bus fare revision by tomorrow with the recent hike in the price of diesel, if no favourable response received, bus services will grind to a halt from Tuesday (28).