Rising global oil prices are forcing Sri Lanka into another fuel price adjustment, but the government claims it will shield citizens from the full impact while ensuring uninterrupted energy supply.
Sri Lanka is once again preparing for a fuel price increase as global oil market fluctuations continue to place pressure on the country’s energy costs, according to Minister Nalinda Jayatissa.
The Minister explained that the government has been compelled to revise fuel prices in response to ongoing volatility in international crude oil prices and supply conditions affecting global energy markets.
He stressed that despite widespread fuel shortages and crises in several countries, Sri Lanka has managed to maintain a continuous and stable supply of both fuel and electricity through careful energy management strategies.
According to Jayatissa, these measures are aimed at supporting economic stability and allowing citizens to continue their daily activities without disruption, even amid challenging global conditions.
He also assured that although fuel prices will increase, the government will not pass the entire burden onto the public, highlighting a balanced cost-sharing approach.
A substantial portion of the price increase will be absorbed by the state treasury, while fuel suppliers and companies will also bear part of the cost, ensuring that only a limited increase is transferred to consumers.
The Minister further noted that the government is committed to reducing fuel prices as soon as global tensions ease, particularly once the current military situation affecting oil supply routes stabilizes.
This approach reflects an effort to balance economic resilience, energy security, and public welfare in the face of a continuing global energy crisis.
