
New Delhi, March 17, 2026 – In a move reminiscent of its 2022 economic crisis, the Sri Lankan government has officially declared every Wednesday a public holiday for state sector employees. The measure, which takes effect from March 18, 2026, is a preemptive attempt to conserve the nation’s dwindling fuel reserves amid escalating global energy instability.
The decision was finalized following an emergency high-level meeting chaired by President Anura Kumara Dissanayake. With the ongoing conflict in West Asia disrupting vital shipping routes through the Strait of Hormuz, Sri Lanka—which relies almost entirely on imported fuel—is bracing for significant supply chain interruptions.
The Cabinet of Ministers approved the shift to a four-day work week for the public sector to reduce the daily consumption of petrol and diesel by commuters.
The energy squeeze is not unique to Sri Lanka, but the island nation is particularly vulnerable due to its fragile economic recovery. President Dissanayake urged the public to “prepare for the worst while hoping for the best,” noting that nearly 90% of the oil and gas passing through the Gulf region is destined for Asian markets now facing volatility.
Beyond the holiday, the government has re-introduced several familiar austerity measures:
The move comes as crude oil prices hover near the $100 per barrel mark. For a country still recovering from a massive debt default in 2022, the surge in energy costs threatens to trigger a new wave of inflation.
In a bid to shore up supplies, Colombo has confirmed it is in active negotiations with both India and Russia to secure credit lines and steady shipments of fuel.