Vetted by NeuralPress's Multi-Agent Verifier for strict factual validity and event relevance. Our compliance engine cross-checks and filters search results to ensure zero false correlations or misleading content.
Primary Sources
Petroleum Dealers seek President's intervention over reduced fuel ...
The Petroleum Dealers’ Association has written to President and Finance Minister Anura Kumara Dissanayake seeking his intervention over changes to the fuel dealers’ commission calculation method and the reduction of commission payments.In a letter addressed to the President, the Association said it decided to bring the matter to his attention after attempts to resolve the issue with relevant institutions, including the Ceylon Petroleum Corporation (CPC), were unsuccessful.The Association noted that around 98 per cent of fuel dealers operate as individual or partnership businesses built over generations or developed independently, with only a small number of appointments historically linked to political connections.According to the letter, CPC issued Circular No. 1109 on February 25, 2025, introducing a new commission calculation system that came into effect from March 1, 2025. This replaced the long-standing percentage-based commission structure with a tiered system where earnings per litre are capped within a fixed range.The Association said that under the revised structure, the income received by dealers is insufficient to meet staff salaries, loan repayments, and other operational expenses required to maintain filling stations. Many operators, particularly those with existing bank loans, are already facing difficulties in meeting financial obligations.It warned that a significant number of cooperative-run fuel stations could be forced to close if the current system continues, affecting both employment and local supply networks.The Association also highlighted that the new commission structure was introduced without prior consultation, noting that early engagement with industry stakeholders could have resulted in a more practical and sustainable framework.Industry stakeholders further pointed to a broader structural imbalance within the fuel pricing system. While dealer earnings are now fixed within a narrow range, CPC operates under a cost-recovery pricing model in which its expenses are incorporated into the final retail price. This allows CPC to retain flexibility in its margins, while dealers must absorb all operational costs within a constrained income structure.This imbalance is particularly felt by CPC dealers. Dealers of private companies operating in Sri Lanka continue to earn a percentage of the sales price, typically around 3 per cent, providing them with a more sustainable and responsive income.The Association said it was disappointing that t...
Fuel prices set to drop after government subsidy intervention
The price of fuel will adjust by Wednesday morning (Image: Supplied) Prices at the fuel pumps are expected to decrease in the coming days following the recent announcement of a sudden price spike made by the Independent Consumer and Competition Commission [ICCC]. The sudden price rise for April will now be subsidized by the National Government's K1 billion fuel stabilization monetary intervention made Prime Minister James Marape. The ICCC Commissioner Roy Daggy, speaking alongside the Minister for Rural and Economic Development at a media conference recently, delivered welcome news for fuel consumers nationwide. "The fuel price will change by Tuesday, and it should take effect at midnight, and you would realize the adjusted price on Wednesday." Commissioner Daggy said. He said discussions are now underway with key partners and stakeholders in the industry to finalise the arrangements. "They have to consent to this because they're the ones who supply us the fuel, and that relief package needs to be packed in a facility or a trust with the central bank, and those importers, when they put the invoices through, it captures the subsidy in that as well before they procure fuel for our supplies." He said. The first slice of K100 million from the K1 billion national government fuel stabilization monetary support is expected to be released to the Bank of Papua New Guinea on Monday.
Palace says VAT cut on fuel beyond President's authority
Malacañang on Monday called for dialogue instead of a transport strike slated on April 15 to 17 as the country grapples with the impact of rising global oil prices, noting the absence of laws granting President Ferdinand Marcos Jr. the power to suspend or reduce the value-added tax (VAT) on fuel. "Wala pong kapangyarihan ang...
Palace: VAT suspension on fuel needs law, beyond President's power
Marcos previously signed a law granting him authority to suspend or reduce excise taxes on petroleum products. This law, effective until Dec. 31, 2028, aims to mitigate rising fuel costs, allowing suspension when Dubai crude exceeds USD80 per barrel for one month.
