Petroleum Price Hike Over rolls 33%

Last day of the week Sri Lanka Economic facing major changes due to vertical hiked oil prices. After Indoor war Sri Lanka economic rapidly growth not only economic also demand. Like Automobile sectors, Agriculture Sector, Industrial Sector, and Service Sector. Now Sri Lanka Oil Prices vertical hike all sectors are sadeen stop not more words some of them said lunch sticks another ones negotiation and somes are silent but economic faces major challenge how to manage this.


Why this oil Price hike?
1. American Iran words war. Yes Iran as major oil supply country in world. According to the secondary data shows Iran as third large oil supplier. American - Iran war tention changing ec.onomic.

2. Increase oil consume

3. Stop Supply to United State and Europen Union.


Opssitive thinking reduce threats
There are two possible explanations for the muted reaction of the market.
1. The senior economist at Econometrix Tony Twine says importing countries will find other sources should they join the boycott. And Iran will be able to shift its sales from boycotting countries to non-boycotting countries.

The value of imports from Iran was second only to Saudi Arabia, from which South Africa imported R26.1bn.