Sri Lanka slashes fuel prices in welcome relief amid crisis

People rushed to petrol stations fearing supply would run out (Eranga Jayawardena/AP)

Sri Lanka’s government has announced significant cuts in fuel prices, providing welcome relief for many after a year of shortages and skyrocketing prices amid the country’s worst economic crisis.

Minister of power and energy Kanchana Wijesekara told reporters that different categories of petrol and diesel would be sold at prices from 8% to 26% lower starting midnight on Wednesday.