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CPC Financial Comparison (2024 vs 2025)
Reported annual profit comparison for the Ceylon Petroleum Corporation.
Primary Sources
Fuel dealers challenge CPC's Rs. 36.4 b profit, allege margin cuts and ...
The Ceylon Petroleum Corporation (CPC) has come under scrutiny from fuel dealers, who have raised concerns over the reported Rs. 36.4 billion profit for 2025, as disclosed in the latest report of the Central ..
Fuel distributors contest CPC's ₹36.4 billion profit, citing margin ...
The Ceylon Petroleum Corporation (CPC) is facing criticism from fuel dealers regarding its announced profit of Rs. 36.4 billion for the year 2025, as indicated in the most recent report from the Central Bank of Sri Lanka. The Petroleum Dealers’ Association has claimed that this profit figure is inflated due to what they term “illegal deductions” from dealer margins that were implemented in 2025. The Association argues that since CPC’s inception in 1961, fuel dealers have been entitled to a specific share of these margins. However, they allege that starting on March 1, 2025, CPC unilaterally cut this share by more than 50%. The Association expressed that this action has severely affected the financial health of dealers, complicating their ability to maintain operations. They warned that nearly 200 cooperative fuel stations that operate under CPC, along with many rural filling stations, are now at risk of shutting down. This issue has reportedly been brought to the attention of the President. Fuel dealers have also highlighted a Cabinet-approved pricing formula introduced on November 29, 2022, referenced as No. 22/1876/604/076, which aimed to regulate the entry and stabilization of international oil companies within Sri Lanka’s fuel sector. This framework granted oil companies a profit margin of 4% (V6) and an operational margin of 2% (V5), while distributors received an operational margin close to 2.96% (approximately 3%) under the V2h component. Furthermore, on August 16, 2023, the CPC Board of Directors confirmed that the dealer margin would remain at 3%. However, the Association has accused CPC’s current management of reducing the dealer margin within the pricing formula from 3% to 1.5% starting March 1, 2025, without consultation. They allege that the portion deducted has been redirected into CPC’s profits. In examining the audited financial statements for 2024, the Association noted that CPC reported a profit of Rs. 34.2 billion, raising questions about how the projected profit for 2025 could be considered a significant increase. They suggested that this might be a result of factoring in the margins deducted from dealers. When the pricing formula was established, the Cabinet ensured that with each price adjustment, the corresponding line ministry would disclose the formula alongside current prices and cost components. This practice was consistently observed until September 2024. However, since October 2024, neither the Ministry of Power and Energy Sri ...
Fuel dealers challenge CPC's Rs. 36.4 bn profit, allege margin cuts ...
The Ceylon Petroleum Corporation (CPC) has come under scrutiny from fuel dealers, who have raised concerns over the reported Rs. 36.4 billion profit for ...
Fuel distributors contest CPC's ₹36.4 billion profit, citing margin ...
The Ceylon Petroleum Corporation (CPC) is facing criticism from fuel dealers regarding its announced profit of Rs. 36.4 billion for the year 2025, as indicated ...
