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Diesel Price Structure (per Litre)
Comparison between actual market cost and subsidized retail price in LKR
Primary Sources
Minor fuel price hike may be necessary, says President
President Anura Kumara Dissanayake stated that a crisis situation has emerged in the country’s energy sector, citing rising global fuel and coal prices as well as declining water levels in reservoirs. Addressing the National People’s Power (NPP) Colombo District May Day rally, the President said the government is currently providing a subsidy of Rs. 100 per litre on diesel to ease the burden on the public. “Today, the actual cost of a litre of diesel is Rs. 482, but consumers are able to purchase it at Rs. 382 because the government provides a subsidy of Rs. 100 per litre through the Petroleum Corporation and other institutions,” he stated. President Dissanayake further noted that the government has allocated Rs. 60 billion to maintain fuel subsidies despite the continued increase in global fuel prices. He added that although limited fuel price revisions may become necessary in the future, the government remains committed to providing the maximum possible relief to the public. “However, prices continue to escalate. We may have to implement small-scale fuel price increases, but we are working to provide the maximum possible subsidies. There is a crisis in the energy sector; coal prices have risen, and fuel prices have gone up,” he said. The President also highlighted challenges in the electricity sector, stating that rising coal prices and reduced water levels in reservoirs have increased pressure on power generation costs. He said the government has decided to provide electricity subsidies to 96 percent of consumers without imposing any tariff increase and has allocated Rs. 15 billion for that purpose.
A Sri Lankan tuk-tuk driver is left with just S$6 a day after fuel. For ...
•FollowMore optionsA Sri Lankan tuk-tuk driver is left with just S$6 a day after fuel.For Nipuna Dananjaya, going to work is starting to cost almost as much as he earns. Fuel is now rationed, and prices have surged after conflict in the Middle East disrupted global supply.“If my expenditure is more than LKR1,500 (S$6.03), then I would rather stay home,” he says.In countries that rely heavily on fuel imports, workers like Nipuna are often hit the hardest.Watch the full Money Mind episode to see how rising fuel costs are reshaping daily life for those who depend on the road. Link in bio.#cnainsider #fuel #srilankaAiyoh, cycle to carry clients la. No fuel need ed😂😂😂ReplyUSA faultReply😭😭😭ReplyWhy everyone is still not condemning taco and satanyahu to stop the war is beyond me. 😂ReplyLike551Comment4Save
President Anura Kumara Dissanayake's May Day message
10 hours ago ... Working people are the most penalised by this government. They are heavily taxed and pushed into financial hardship, while the same system continues to ...
Fuel price hike seen next week as global oil prices surge anew
After a series of rollbacks, pump prices are seen heading higher next week, as global oil prices surged anew on the continued blockade of the Strait of Hormuz.
