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May fuel price update: Petrol aligned with formula, diesel still priced above
In May 2025, the prices of both Petrol 92 and Auto Diesel were reduced in Sri Lanka. Petrol 92 dropped by LKR 6 per litre, while Auto Diesel saw a more significant cut of LKR 12 per litre. This marks the fourth consecutive month in which the retail price of Petrol 92 has remained aligned with its formula price. In contrast, the price of Auto Diesel continues to exceed the formula benchmark, despite the market price reduction. The formula price of Petrol 92 was revised down to LKR 290.6 per litre in May—a decrease of LKR 6.3 from April. The market price was just LKR 2.4 lower than the formula price, placing it within a 2% variation. This narrow margin confirms that petrol prices remain effectively aligned with the formula. Auto Diesel, however, tells a different story. Even after the LKR 12 price cut in May, its market price is still LKR 13.6 higher than the formula price. This follows an already significant disparity in April, when the market price exceeded the formula price by LKR 17.2. Moreover, falling global fuel prices further pushed the diesel formula price down by LKR 8.4 in May, widening the gap between the market and formula prices despite the local adjustment. For further details, including taxes per litre and a comparison of Sri Lanka’s fuel prices with regional countries, visit the Fuel Price Tracker. *Note: A 2% variation of the market price from the formula price is still considered consistent with the formula. This variation accounts for fluctuations in the actual purchase price of each fuel order, which result from varying supplier margins relative to the global market benchmark price.
Featured Insight
May fuel price update: Petrol aligned with formula, diesel still priced above
In May 2025, the prices of both Petrol 92 and Auto Diesel were reduced in Sri Lanka. Petrol 92 dropped by LKR 6 per litre, while Auto Diesel saw a more significant cut of LKR 12 per litre. This marks the fourth consecutive month in which the retail price of Petrol 92 has remained aligned with its formula price. In contrast, the price of Auto Diesel continues to exceed the formula benchmark, despite the market price reduction. The formula price of Petrol 92 was revised down to LKR 290.6 per litre in May—a decrease of LKR 6.3 from April. The market price was just LKR 2.4 lower than the formula price, placing it within a 2% variation. This narrow margin confirms that petrol prices remain effectively aligned with the formula. Auto Diesel, however, tells a different story. Even after the LKR 12 price cut in May, its market price is still LKR 13.6 higher than the formula price. This follows an already significant disparity in April, when the market price exceeded the formula price by LKR 17.2. Moreover, falling global fuel prices further pushed the diesel formula price down by LKR 8.4 in May, widening the gap between the market and formula prices despite the local adjustment. For further details, including taxes per litre and a comparison of Sri Lanka’s fuel prices with regional countries, visit the Fuel Price Tracker. *Note: A 2% variation of the market price from the formula price is still considered consistent with the formula. This variation accounts for fluctuations in the actual purchase price of each fuel order, which result from varying supplier margins relative to the global market benchmark price.
Featured Insight
May fuel price update: Petrol aligned with formula, diesel still priced above
In May 2025, the prices of both Petrol 92 and Auto Diesel were reduced in Sri Lanka. Petrol 92 dropped by LKR 6 per litre, while Auto Diesel saw a more significant cut of LKR 12 per litre. This marks the fourth consecutive month in which the retail price of Petrol 92 has remained aligned with its formula price. In contrast, the price of Auto Diesel continues to exceed the formula benchmark, despite the market price reduction. The formula price of Petrol 92 was revised down to LKR 290.6 per litre in May—a decrease of LKR 6.3 from April. The market price was just LKR 2.4 lower than the formula price, placing it within a 2% variation. This narrow margin confirms that petrol prices remain effectively aligned with the formula. Auto Diesel, however, tells a different story. Even after the LKR 12 price cut in May, its market price is still LKR 13.6 higher than the formula price. This follows an already significant disparity in April, when the market price exceeded the formula price by LKR 17.2. Moreover, falling global fuel prices further pushed the diesel formula price down by LKR 8.4 in May, widening the gap between the market and formula prices despite the local adjustment. For further details, including taxes per litre and a comparison of Sri Lanka’s fuel prices with regional countries, visit the Fuel Price Tracker. *Note: A 2% variation of the market price from the formula price is still considered consistent with the formula. This variation accounts for fluctuations in the actual purchase price of each fuel order, which result from varying supplier margins relative to the global market benchmark price.
Featured Insight
May fuel price update: Petrol aligned with formula, diesel still priced above
In May 2025, the prices of both Petrol 92 and Auto Diesel were reduced in Sri Lanka. Petrol 92 dropped by LKR 6 per litre, while Auto Diesel saw a more significant cut of LKR 12 per litre. This marks the fourth consecutive month in which the retail price of Petrol 92 has remained aligned with its formula price. In contrast, the price of Auto Diesel continues to exceed the formula benchmark, despite the market price reduction. The formula price of Petrol 92 was revised down to LKR 290.6 per litre in May—a decrease of LKR 6.3 from April. The market price was just LKR 2.4 lower than the formula price, placing it within a 2% variation. This narrow margin confirms that petrol prices remain effectively aligned with the formula. Auto Diesel, however, tells a different story. Even after the LKR 12 price cut in May, its market price is still LKR 13.6 higher than the formula price. This follows an already significant disparity in April, when the market price exceeded the formula price by LKR 17.2. Moreover, falling global fuel prices further pushed the diesel formula price down by LKR 8.4 in May, widening the gap between the market and formula prices despite the local adjustment. For further details, including taxes per litre and a comparison of Sri Lanka’s fuel prices with regional countries, visit the Fuel Price Tracker. *Note: A 2% variation of the market price from the formula price is still considered consistent with the formula. This variation accounts for fluctuations in the actual purchase price of each fuel order, which result from varying supplier margins relative to the global market benchmark price.
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Government introduces new expenditure and relief through supplementary budget
On 05 December 2024, the government presented supplementary estimates totalling LKR 219.4 billion for the year, which was not included in the original 2024 budget. Supplementary allocations are typically introduced to address unforeseen emer...
2024-12-23
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