Sri Lankan buyer paid $286 for barrel of oil, as actual prices diverge from markets

Sri Lankan buyer paid $286 for barrel of oil, as actual prices diverge from markets Submitted by Sean Mathews on Wed, 04/15/2026 - 22:15 HSBC chief says price of Brent crude does not reflect real-world prices in Asia, when insurance, shipping and scarcity are taken into account An employee fills an auto-rickshaw with petrol at a filling station in Wellawatte on the outskirts of Colombo, Sri Lanka, on 16 March 2026 (Ishara S Kodikara/AFP) Off The price paid for a barrel of oil in Asia has reached as high as $286 in