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Sri Lanka Raises Fuel Prices in Midnight Revision Amid Economic Pressures

Ceylon Petroleum Corporation announces significant increases for petrol, diesel, and kerosene effective from March 9 midnight

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The Oil Distributors Association has warned that approximately 836 CPC fuel station owners are now facing a financial crisis.

Sri Lanka has announced a nationwide increase in fuel prices, with the revision coming into effect from midnight on March 9. The adjustment was confirmed by the Ceylon Petroleum Corporation (Ceypetco), the state-owned fuel supplier responsible for distributing petroleum products across the country.

According to the new pricing structure, several key fuel categories have seen notable increases. The price of Auto Diesel has been raised by Rs. 22 per litre, bringing the new price to Rs. 303. Super Diesel has increased by Rs. 24 per litre and will now be sold at Rs. 353 per litre.

Petrol prices have also been revised upward. Petrol 92 Octane has been increased by Rs. 24 per litre, setting the new price at Rs. 317. Meanwhile, Petrol 95 Octane has recorded the highest increase among petrol types, rising by Rs. 25 per litre to reach Rs. 365.

Kerosene, widely used by lower-income households and in the fisheries sector, has also been affected by the price revision. Its price has been increased by Rs. 13 per litre, bringing the new retail price to Rs. 195.

The Ceylon Petroleum Corporation stated that the revised fuel prices became effective starting at midnight today. The adjustment reflects ongoing changes in the country’s fuel pricing mechanism, which periodically reviews domestic fuel prices in line with international market trends and operational costs. The increase is expected to have a wider impact on transportation costs and the cost of living across Sri Lanka.

Sri Lanka Guardian

The Sri Lanka Guardian is an online web portal founded in August 2007 by a group of concerned Sri Lankan citizens including journalists, activists, academics and retired civil servants. We are independent and non-profit. Email: editor@slguardian.org

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