Local News
Sri Lanka’s Fuel Import Spending Spikes: CPC Reports Significant Increase in 2026 Outlays.
May 18, 2026 at 4:07 AM
Sri Lanka's Ceylon Petroleum Corporation (CPC) has faced a sharp rise in fuel import costs, settling two-thirds of its projected 2026 annual bill within the first four months alone, driven by global market volatility.
Local News
President Dissanayake Signals Potential Adjustment to Fuel Prices Amid Global Market Pressures.
May 1, 2026 at 2:48 PM
President Anura Kumara Dissanayake has signaled that small increases in fuel prices may be unavoidable due to rising global costs and Middle East instability, despite significant government subsidies currently in place.
Energy
Why Immediate Relief at the Gas Pump Remains Unlikely Despite US-Iran Ceasefire.
April 8, 2026 at 1:13 PM
While the US-Iran ceasefire has triggered a decline in crude oil futures, consumers should not expect immediate relief at gas pumps due to refining delays, inventory cycles, and damaged energy infrastructure.














