May 03, Colombo (LNW): Sri Lanka’s state-owned fuel supplier has introduced a new round of price adjustments, which came into force at midnight on May 02, signalling continued pressure on energy costs.
The Ceylon Petroleum Corporation (CEYPETCO) confirmed that several key fuel categories have been revised upwards. Auto diesel has gone up by Rs. 10 per litre, now retailing at Rs. 392, while super diesel has seen a steeper increase of Rs. 15, bringing its price to Rs. 458 per litre.
Petrol prices have also been adjusted, with 92 octane rising by Rs. 12 to reach Rs. 410 per litre. Meanwhile, 95 octane petrol has climbed by Rs. 15, now standing at Rs. 470 per litre. Kerosene users have not been spared either, with a Rs. 10 hike pushing its price to Rs. 265 per litre.
Industry observers suggest the revisions reflect ongoing fluctuations in global oil markets, as well as currency pressures that continue to affect import costs.
In response, Lanka IOC has partially aligned its pricing structure with the state provider. The company confirmed that it has raised the prices of 92 octane petrol and auto diesel to match the new CPC rates. However, it has opted to keep other fuel categories unchanged for the time being, offering limited relief to certain consumers.