From Pump to Plate: Understanding Oil Price Pass-through in Post-2022 Sri Lanka

Oil price fluctuations have historically impacted the cost of goods and services across the world. As the current global markets show an increase in crude oil prices from USD 65 per barrel prior to the start of the war to USD 102 per barrel (a 59% increase) and signal further increases, Sri Lanka finds itself in a similar, or even more volatile, situation than during the oil price hikes of the Russian-Ukrainian War in 2022.