Difference between revisions of "Fuel Prices Sri Lanka"

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Revision as of 10:55, 4 December 2012

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 (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
IFPDB matrix background.png
IFPDB matrix point.png
IFPDB trafficlight red.png IFPDB trafficlight explanation.png IFPDB trafficlight yellow.png



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/Marketing.htm
Pump prices and margins http://www.ceypetco.gov.lk/History.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