March 10, Colombo (LNW): Sri Lanka has announced a fresh increase in fuel prices, with the state-owned Ceylon Petroleum Corporation (CEYPETCO) revising retail rates from midnight today (09) following a sharp rise in global crude oil prices linked to tensions in the Middle East.
Under the new pricing structure, the cost of Auto Diesel has risen by Rs. 22 per litre, bringing the price to Rs. 303. Super Diesel has increased by Rs. 24 and will now retail at Rs. 353 per litre.
Petrol prices have also been adjusted upwards. The price of Petrol 92 Octane has climbed by Rs. 24 to Rs. 317 per litre, while Petrol 95 Octane has been increased by Rs. 25, taking the new price to Rs. 365 per litre.
Kerosene, which is widely used by low-income households and the fisheries sector, has also seen a price rise of Rs. 13 per litre and will now be sold at Rs. 195.
Officials noted that Lanka IOC, the other major fuel distributor operating in the country, has introduced similar price adjustments to align with the revised rates set by Ceypetco.
The increase comes amid continued volatility in international oil markets. Economists warn that the conflict in the Middle East has tightened global supply conditions and pushed crude prices sharply higher.