By: Puli
March 19, LNW (Colombo): Fuel prices in Sri Lanka are expected to increase again by the end of this month or in early April, according to informed sources at the Ceylon Petroleum Corporation.
Officials indicate that the upcoming hike could exceed the most recent price revision, mainly due to higher import duties linked to the ongoing crisis in the Middle East. In addition to global oil price fluctuations, increased shipping costs and rising insurance premiums are also expected to push prices upward.
Sources estimate that the adjustment could range between 5 and 10 percent.
The Ceylon Petroleum Corporation last revised fuel prices on March 10 in response to escalating global fuel costs amid regional tensions.
Under the current pricing structure, Auto Diesel is priced at Rs. 303 per litre, Super Diesel at Rs. 353, Petrol 92 Octane at Rs. 317, Petrol 95 Octane at Rs. 365, and Kerosene at Rs. 195.