Last few days oil crisis has been biting all of us really hard. Monday when I stepped out to go to work I couldn't find a bus so had to find a three wheeler to get to office. Then the next day, when I gave 20 Rs for my journey from Bambalapitiya to Galle face the conductor said that's the revised price. I had no clue about the price revision so I assumed that it was right, then I found out that I had been cheated a few rupees.
Then today I see that the Rupee has hit an all time low and the power surcharge is going to be in the range of 15 to 40%. Apparently the stock market has been on a 'joy' ride all the way downhill. Sri Lankan economists had been crying that Sri Lanka is facing the balance of payment crisis. Now people wouldn't remember the famous 'plug' which JVP managed to to remove back then and after 8 years the removed plug is hurting us badly. They threw the formula out and now we see the credit pressure the prices are being increased in leaps. In 2009 IMF bailed us out, this time we need someone else to bail us out.
Funnily two weeks back Khajeel times carried this story, http://www.khaleejtimes.com/DisplayArticle.asp?xfile=data/business/2012/January/business_January518.xml§ion=business&col= and after reading this I posted the blog http://sayys365.blogspot.com/2012/01/locally-unknown-impending-oil-crisis.html. Now I seriously think that the middle eastern media knew more than we knew, about the crisis we are about to face. Imagine another price revision if the sanctions too decide to bite us. Interesting times.