Sri Lanka’s fuel market has been shaken by a sudden price revision as rising global oil prices linked to Middle East tensions force authorities to increase petrol, diesel, and kerosene rates across the country.
The Ceylon Petroleum Corporation has announced a fuel price revision effective from midnight today, reflecting the impact of global crude oil price increases linked to geopolitical tensions in the Middle East. According to the new pricing structure, Auto Diesel has increased by Rs. 22 to Rs. 303 per litre, while Super Diesel has risen by Rs. 24 to reach Rs. 353.
Petrol prices have also climbed sharply. Petrol 92 Octane has increased by Rs. 24 to Rs. 317 per litre, while Petrol 95 Octane has risen by Rs. 25 to Rs. 365. Kerosene prices have also been revised upward by Rs. 13, bringing the price to Rs. 195 per litre.
Meanwhile, Lanka IOC has also adjusted its fuel prices in line with the Ceypetco revision.
Economist Professor Priyanga Dunusinghe from the University of Colombo warns that global crude oil prices have jumped dramatically, rising from about US$ 92 to nearly US$ 115 per barrel, signaling further fuel price pressure ahead.
