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UPI ID : enb@axis.com
UPI ID : enb@axis.com
Fuel prices increased, petrol by over Rs. 24ADA March 9, 2026 The Ceylon Petroleum Corporation (Ceypetco) has announced a significant revision of fuel prices effective from midnight today (09) in the wake of rising global fuel prices owing to the Middle East conflict.Accordingly, the price of Auto Diesel has been increased by Rs. 22 to Rs. 303 per litre while Super Diesel has been hiked by Rs. 24 to Rs. 353 per litre. Petrol 92 Octane has been increased by Rs. 24 and Petrol 95 Octane by Rs. 25 with the new prices set as Rs. 317 and Rs. 365, respectively.The price of a litre of Kerosene has been hiked by Rs. 13 to Rs. 195.Meanwhile, Lanke IOC has also revised fuel prices in line with the Ceypetco prices. The revised rates are as follows:Auto Diesel – Rs. 303 (increased by Rs. 22)Super Diesel – Rs. 353 (increased by Rs. 24)Petrol 92 Octane – Rs. 317 (increased by Rs. 24)Petrol 95 Octane – Rs. 365 (increased by Rs. 25)Kerosene – Rs. 195 (increased by Rs. 13)Speaking on the “Ada Derana Big Focus” program today (09), Professor Priyanga Dunusinghe of the Department of Economics at the University of Colombo had stated that the government must take prompt steps to prepare for the likely increase in domestic fuel prices given the global trend.He explained that global crude oil prices have risen sharply, noting that the price of Brent crude stood between US$ 92 and US$ 93 per barrel last Friday, but climbed to around US$ 115 per barrel when markets opened on Monday.According to Prof. Priyanga Dunusinghe, the increase in global oil prices will likely result in higher prices for petrol, diesel, and gas, while also pushing up electricity generation costs, especially where fuel is used for power production.Professor Dunusinghe further noted that Octane 92 petrol in Sri Lanka could rise to around Rs. 360–370 per litre if the global trend continues.
War Expands: After Bank Sepah Attack, Iran Warns Of Attacks On US And Israeli Banks in RegionTehran says the attack on the state-owned bank may expand the conflict to financial infrastructure.Damage reported at a building linked to Iran’s Bank Sepah in Tehran after an overnight strike. IBT SGWar Expands: After Bank Sepah Attack, Iran Warns Of Attacks On US And Israeli Banks in RegionTehran says the attack on the state-owned bank may expand the conflict to financial infrastructure.By Jeanna Francis March 12, 2026 IBTIran warns it may target U.S., Israeli economic interests regionally.Warning follows strike damaging Tehran administrative building linked to Bank Sepah.Military spokesperson advises civilians avoid banks tied to U.S. or Israel.Threat signals widening targets in escalating regional conflict.Iran warned on Wednesday that it could target economic and banking interests linked to the United States and Israel across the region following what it described as an attack on a major Iranian bank.The warning came from Ebrahim Zolfaqari, spokesperson for Iran's Khatam al-Anbiya Central Headquarters, after an administrative building connected to Bank Sepah was struck overnight in Tehran."Following their failed campaign, the terrorist U.S. army and cruel Zionist regime have targeted one of the country's banks." - Ebrahim Zolfaqari, Spokesperson, Khatam al-Anbiya Central HeadquartersBank Sepah, one of Iran's largest state-owned financial institutions with historic links to the country's military, was reportedly damaged in the incident, according to the semi-official Mehr news agency."Following their failed campaign, the terrorist U.S. army and cruel Zionist regime have targeted one of the country's banks," state media quoted Zolfaqari as saying.Threat Expands to Economic TargetsZolfaqari said the strike had prompted Tehran to consider retaliatory measures targeting financial and economic infrastructure connected to the United States and Israel."With this illegitimate and uncommon action, the enemy is forcing our hand to target economic centres and banks linked to the U.S. and Zionist regime in the region," he said.Iran's military command also issued a warning to civilians and employees in the region to keep their distance from potential targets.The spokesperson advised people to remain at least 1,000 metres away from banks that could be linked to U.S. or Israeli interests.The statement reflects a widening scope of potential targets in the conflict, which has increasingly spread beyond military installations to include infrastructure and economic facilities.Escalating Regional ConflictThe warning comes amid an intensifying conflict between Iran and a U.S.-Israeli military alliance that launched airstrikes on Iranian targets in late February.Since then, Iran has responded with missile and drone attacks against U.S. military bases, Israeli territory and several Gulf locations hosting Western military forces.The exchange of strikes has heightened tensions across the Middle East and raised concerns about broader economic disruption, particularly in financial systems and energy markets.Attacks on economic infrastructure could further escalate regional instability and affect commercial activity across the Gulf and surrounding areas.Iranian officials have repeatedly framed their military responses as defensive actions following foreign strikes on Iranian territory. The situation remains fluid as both sides continue military operations across multiple locations in the region.
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