In Sri Lanka, the All Island Container Transport Owners Association has decided to increase freight container transportation rates by 65 percent.<br />''<br />''Association's Chairman Sanath Manjula attributed the decision to the increase in fuel prices and the price of spare parts. He said the revision will be effective from Thursday.<br />''<br />''The association in a statement said, the decision was taken considering the price increase of vehicle spare parts and lubricants following the colossal depreciation of the rupee against the US dollar.<br />''<br />''Earlier, The International Monetary Fund said, discussions with Sri Lanka on a potential IMF loan program are at an early stage and any deal would require adequate assurances that the island country's debts can be put on a sustainable path.