We cannot control the price increases in the world market and if the supply of oil and gas is reduced, the price will increase, said Wasantha Samarasinghe, Minister of Trade, Commerce, Food Security and Cooperative Development.
An increase in oil prices has already been reported and we will definitely have to bear the increase, the Minister added.
He further said that the current war situation in the Middle East region is affecting the entire world, especially every country that trades by ship.