Fuel Prices Sri Lanka

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Revision as of 15:29, 11 December 2012 by ***** (***** | *****)

Part of: GIZ International Fuel Price database
Also see: Sri Lanka Energy Situation

Fuel Pricing Policies

Local Currency: LKR
Exchange Rate: 111.543


Last Update:

There are only two major fuel distribution companies in Sri Lanka: Ceylon Petroleum Company (CPC) and Lanka IOC, a subsidiary of Indian Oil Company.

In 2002, Sri Lanka introduces a fuel price formula, updating prices monthly and following international prices. A few years later, this formula was abandoned by a new president. In 2007, the government decided to re-install a fuel price formula (→App. A1). However, also this formula did not last long, being rejected through Sri Lankas Supreme Court in late 2008 (→App. A2, A4).

As of May 2011, still no fuel price formula came into effect again. Prices are set by CPC, in accordance with the government, changing only a few times a year. However, several experts and politicians strongly recommend installing a formula again, to prevent oil companies from having huge losses and also the customers from the intransparent arbitrariness of fuel pricing (→App. A3).

CPC publishes fuel prices incl. historic fuel prices on their website (http://www.ceypetco.gov.lk).

No further official information could be found, hints welcome!

Fuel Prices and Trends

Gasoline 95 Octane Diesel
in USD*

in Local Currency

* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil



Fuel Price Composition

Price composition.



No information available.



At a Glance

Regulation-Price-Matrix
Transparency of
Price Composition
Transparency of Pricing
Mechanism / Monitoring
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Sources to the Public

Type of Information Web-Link / Source
Other Information http://www.ceypetco.gov.lk/
Pump prices and margins http://www.ceypetco.gov.lk/History.htm
Pump prices and margins http://www.ceypetco.gov.lk/Marketing.htm


Contact

Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de

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