Crisis-hit Sri Lanka hikes fuel prices to record high ...Middle East

COLOMBO: Cash-strapped Sri Lanka sharply hiked fuel prices to a record high on Tuesday, causing further pain to the country's 22 million people in its worst crisis since independence.The South Asian island nation has suffered months of dire shortages and anti-government protests, which turned deadly earlier in May with at least nine people killed.Energy Minister Kanchana Wijesekera said a newly appointed “economic war cabinet” on Monday approved the new rates to stem huge losses at the state-run Ceylon Petroleum Corp.The price of diesel, commonly used in public transport, was raised from 289 rupees ($0.80) to 400 rupees a litre, a 38-percent jump, while the cost of a litre of petrol was incr

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